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 going on?
A former senior Russian official has warned that “unknown sources” could target UK factories producing drones for Ukraine. The comments were made amid rising tensions over military support to Ukraine. This threat underscores the ongoing geopolitical volatility surrounding the conflict.
Headlines diverge on the framing of this warning. CBS News states, “Former senior Russian official warns ‘unknown sources’ could attack U.K. factories making drones for Ukraine,” which emphasises the warning itself. Conversely, Sky News highlights, “Ukraine war latest: Mystery of US military plane landing in Moscow solved as aircraft leaves Russia,” shifting focus to a separate but contextual narrative on air operations, underlining broader military manoeuvres.
Coverage analysed: CBS News | Sky News

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