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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What’s happening?
Karoline Leavitt, the White House Press Secretary, is leaving her position after a short tenure under the Trump administration. This announcement adds to the ongoing reshuffling within the White House amidst broader political shifts.

In comparing headlines, PBS states, “Karoline Leavitt is leaving her role as Trump’s White House press secretary,” while CNBC reports, “Trump says Karoline Leavitt resigning as White House press secretary.” PBS’s framing emphasizes the departure in a neutral tone, focusing on Leavitt’s role, whereas CNBC highlights Trump’s perspective, suggesting a direct link to his influence in the decision-making process. This illustrates a subtle difference in how the news reflects authority and agency in the context of Leavitt’s resignation.

Coverage analyzed: PBS | CNBC | AP News | wmur.com

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