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.

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Coverage analyzed: NPR | The New York Times
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CNN reports, “Trump to meet with China’s Xi and Russia’s Putin at historic trilateral sit-down on nuclear non-proliferation,” emphasising the significance of the meeting’s historical context. In contrast, AP News states, “Trump, Xi and Putin plan an unprecedented joint meeting on the sidelines of APEC, White House says,” highlighting the meeting’s unprecedented nature. This difference affects the perceived importance of the leaders’ engagement—historic versus unprecedented.
Coverage analysed: AP News | CNN

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