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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Arab parties expected to secure 18 seats in Israel’s parliamentary election

Exit polls indicate that Arab parties in Israel are projected to secure 18 seats in the Knesset following a record voter turnout of approximately 80% among Palestinian citizens. The Joint List and Ra’am are expected to play a significant role as coalition discussions commence amidst a tightly contested political landscape.

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Record Voter Turnout in Israel’s Pivotal Election as Netanyahu Faces Eisenkot

What’s going on?
Benjamin Netanyahu confirmed his bid for re-election during Israel’s general election. The polls indicate a competitive race against his main rival, Eisenkot, with voter turnout reportedly at a record high. Early exit polls show no clear victor, suggesting a potential deadlock.
The New York Times highlights, “Israel Election Live Updates: Record Voter Turnout as Netanyahu Faces Challenge Led by Eisenkot,” emphasising the election’s stakes and Netanyahu’s personal challenge. In contrast, Reuters reports, “Live: Israeli exit polls indicate deadlock in pivotal election as Netanyahu faces main rival Eisenkot,” focusing more on the electoral mechanics and potential outcomes. This reflects varying stress on either the drama of the election or the implications of exit polls.
Coverage analysed: The New York Times | Reuters

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