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

regeneration

New Brunswick agrees to explore recovery of metals from old mine waste

New Brunswick has signed an agreement with U.S.-based Regeneration Enterprises to assess the recovery of valuable metals from tailings at the long-shuttered Nigadoo mine. With the site representing a £35 million liability, the initiative aims to fund cleanup through potential metal recovery without immediate provincial funding.

ap25336719703792

Judge rules Maurene Comey was unlawfully fired from federal prosecutor role

A federal judge has ruled that the Justice Department unlawfully terminated Maurene Comey, a federal prosecutor, violating constitutional protections. U.S. District Judge Jesse Furman reinstated Comey and ordered back pay from her dismissal in July 2025 until she took another position on 20 December.

f5c052a9772538d3bc8ad7eff54542835dd96e2aed865ec7d1b857de48da9d49 188186

Voters cast ballots in Greater Toronto and Hamilton Area municipal elections

Voters in the Greater Toronto and Hamilton Area are casting ballots today for municipal elections, deciding on mayors, councillors, and school board trustees. High-profile contests include Toronto’s race between incumbent Olivia Chow and challenger Brad Bradford, alongside former Mississauga mayor Bonnie Crombie’s attempt to reclaim her position.

Trump trade war end soon

Trump suggests trade war with Canada could conclude soon at rally

During a rally in Port Huron, Michigan, Donald Trump asserted that Canada has been “ripping off” the United States in trade, claiming this justified the imposition of tariffs on Canadian products. His remarks highlight ongoing trade tensions between the two countries.

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement