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

cbsn fusion white house promises full throttle economic warfare against iran new plan sanctions thumbnail

White House outlines new plan for stringent economic sanctions on Iran

IndyCars raced around the National Mall in Washington, D.C., on Sunday, creating a festive atmosphere. Concurrently, the Trump administration emphasised that enforcing economic pressure on both allies and adversaries remains its primary focus. Further details were provided by Olivia Rinaldi.

696x392 cmsv2 70f24620 b30d 5db7 bc54 3c19f8962555 9885155

Tourists in Greece adopt sun safety measures amid rising heatwaves

Tourists in Greece are now better informed about ultraviolet radiation dangers as awareness of sun protection measures, including hats and sunglasses, has risen during ongoing heatwaves. Red Cross volunteers report a decrease in demand for protective gear, reflecting improved visitor preparedness amid record tourist numbers.

1787529613 Nicolae Serban funeral

Hundreds attend funeral for correctional officer Nicolae Serban

Funerals are being held this weekend for two correctional officers who died in a crash at the start of August. The service for Nicolae Serban took place on Saturday, honouring his service and memory amid community support for the affected families.

gettyimages 2271668684

Navy sailor Joshua Aviles reports father’s arrest by immigration officials

U.S. Navy sailor Joshua Aviles learned of his father’s arrest by federal immigration officials while deployed on the USS Abraham Lincoln. Luis Manuel Aviles Roa, a Nicaraguan, was detained by Border Patrol in Key West for illegal entry and now faces deportation, as confirmed by the Department of Homeland Security.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement