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

696x392 cmsv2 d6683075 4179 53ef a8a9 c4c5193a583e 9945146

Royal family member challenges legality of criminal proceedings in UK

British media reports indicate that a member of the royal family has challenged the legality of criminal proceedings for the first time since the trial of Charles I in 1649. This unprecedented development marks a significant moment in the history of the monarchy and the legal system.

CC8iK0NnNHhNRkJDV0hwRVpIRlZMVTlxVFJDZkF4ampCU2dLTWdiSlVZUzJxQWM w280 h168 p df rw

Evicted 87-year-old woman Maricarmen Abascal dies in Spain

What’s going on?
Maricarmen Abascal, an 87-year-old woman evicted from her home, has died after her eviction sparked significant protests in Spain. Many residents had rallied against her eviction, highlighting the broader housing crisis affecting vulnerable citizens. The incident has ignited discussions around housing policies and tenant protections in Spain.

The framing of this story differs notably between outlets. NBC News states, “The 87-year-old woman whose eviction sparked nationwide protests in Spain dies,” focusing on the immediate consequence of her death relative to the protests. In contrast, The New York Times headlines, “‘Maricarmen,’ Whose Eviction Enraged Spaniards, Dies at 87,” emphasising the emotional response and anger of the public rather than the protests’ scale. This shift highlights varying editorial priorities on the impact of her death versus the surrounding social issues.

Coverage analysed: NBC News | The New York Times

Like this article?

Leave a comment

From our sponsors
Advertisement
Advertisement