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.
A frosty and perhaps icy start for most on Thursday with sunshine and wintry showers in areas exposed to the northwesterly wind. Cloudier in the southwest with outbreaks of rain and hill snow moving through. Rather breezy. Wintry and blustery showers continue in the north of the UK, but drier with clear skies further south, and a widespread frost developing away from any coasts.
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Here’s a summary of the front page: 1. Putin Tries to Recruit Afghan War Heroes Abandoned by the UK A
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