Close Menu

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

‘Search for missing in air pockets’ - Paper Talk

‘Search for missing in air pockets’ – Paper Talk 

Wednesday’s front pages reflect the latest in the luxury yacht sinking off the coast of Sicily as more details have emerged about those missing. Many of the papers report on rescue crews attempting to access the sunken ship with some speculating if anyone could still be alive.

Elsewhere, King Charles is pictured on most of the front splashes as he visited with victims of the Southport victims. The king is seen on the front viewing flower tributes to the three little girls who were killed.

Domestic politics and showbiz stories are sprinkled across the front pages, though there is little unity in their political and celebrity front page reports.

‘Mike Lynch among missing after luxury yacht sinks in Italy’ - Paper Talk

‘Mike Lynch among missing after luxury yacht sinks in Italy’ – Paper Talk

As more details pour out regarding the luxury boat sinking off the coast of Sicily, the story has started to dominate the headlines around the world. In the UK, Tuesday’s front pages are dominated by yesterday’s news that the British tech tycoon Mike Lynch and his daughter are among the six people still missing.

There’s not much coverage of the story on the international front pages, but online – since the news of other prominent figures from banking and tech from around the world are among the missing – the story is becoming more international.

Away from the yacht sinking, a few UK papers feature showbiz and royal stories on the sidebar. A few of the papers lead on other domestic topics – mostly politics.

Last night’s Premier League draw between Leicester City and Spurs dominates the back pages.

Like this article?

Leave a comment

Advertisment
Advertisement
More from WTX News
The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.

Access the news from all the main News sources

We bring you CNN BBC FOX EURO NEWS AL JAZEERA – all in one place. With a perfectly crafted email with your news summary