Financial Times - Savers withdrew nearly $60bn from three US banks as Apple raises heat

Summary of the front page

The Financial Times says savers withdrew nearly $60bn from US banks Charles Schwab, State Street and M&T in the first quarter as customers moved their money in search of higher interest rates. Traditional banks could face further threat because of Apple and Goldman Sachs’ new savings account in the US that will pay 4.15% interest a year, it reports. 

The paper’s main image is of Vladimir Kara-Murza, a Russian opposition activist, during a court hearing in Moscow where he was sentenced to 25 years in prison for treason.

Today's top stories

Belgium battles historic wildfire as heat fuels blazes across Europe

Wildfires are raging across Belgium, Germany, France, Croatia, Spain, and Greece amid extreme heat and dry conditions. In Belgium, a major blaze has consumed 3,000 hectares in the High Fens reserve, prompting the deployment of over 250 firefighters and international aid through the EU Civil Protection Mechanism.

1786914013 airplane photo

Search continues for missing pilot in Ontario’s Kawartha Lakes region

The Trenton Joint Rescue Coordination Centre confirmed on Sunday that a search operation is underway for a missing pilot in the Kawartha Lakes area of southern Ontario, specifically near Balsam Lake. Rescue teams continue to assess the situation as efforts to locate the individual progress.

Transcript of Pennsylvania state Rep. Chris Rabb on Face the Nation, Aug. 16, 2026

Pennsylvania State Representative Chris Rabb, the Democratic nominee for the state’s third congressional district, discussed his platform on “Face the Nation,” advocating for health care as a human right and increased wages. He asserted that voters seek a fighter for their interests, rather than a label.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement