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

696x392 cmsv2 9eeb8734 0ded 500f a824 c1482c9334fb 9911529

Sweden’s centre-left bloc leads parliamentary election vote count

Sweden’s centre-left opposition bloc, supporting Social Democrat leader Magdalena Andersson, is leading Sunday’s parliamentary election with 28.1% of votes, according to preliminary results. The right-wing bloc, led by Prime Minister Ulf Kristersson, follows closely at 19.9%, indicating potential challenges for government formation.

AFP 20260914 C88E6ZU v1 HighRes JapanPoliticsVoteOkinawa 1789350158

Genta Koja wins Okinawa gubernatorial election, defeating Denny Tamaki

Genta Koja has won the Okinawa gubernatorial election, defeating two-term incumbent Denny Tamaki with 59 per cent of the vote. Backed by Japan’s Prime Minister Sanae Takaichi, Koja’s election may shift the region’s stance on US military bases, ending a decade of opposition.

ammon covio and chrystal

Pardon brokers allegedly promise to pressure Biden for clemency at high costs

Jack Burkman and Jacob Wohl pitched their services to Ammon Covino, seeking $300,000 to secure a pardon for him. Covino, a convicted felon, had previously submitted a pardon request, which was rejected by Donald Trump. Their meeting was secretly recorded as part of a CBS News investigation into pardon brokers.

696x392 cmsv2 9eeb8734 0ded 500f a824 c1482c9334fb 9911529

Sweden’s centre-left bloc leads parliamentary election with 27.8% vote

Sweden’s parliamentary election results show the centre-left opposition bloc, led by Social Democrat Magdalena Andersson, securing 27.8% of the vote, slightly ahead of the right-wing bloc with 26.5%. The outcome may complicate coalition negotiations, with official results due within a week.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement