Who pays for bank failures like SVB and Signature?
The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
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The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
The San Francisco regional bank's stock had plunged by a third on Thursday on concerns about its financial stability.
The two banks suddenly collapsed last week, but the federal government quickly said that depositors would not lose their money.
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
Social media and online banking have made lenders more vulnerable to digital bank runs, experts say.
Following the collapse of Silicon Valley Bank and regional banking fears, larger U.S. banks have seen an increase in new depositors looking to secure their money. Stephen Gandel, U.S. banking correspondent at The Financial Times, joins CBS News to discuss the fallout and how major U.S. banks are responding.
Shares of the financial giant had sunk to an all-time low, fueling further concerns about the stability of other big banks.
"Credit Suisse is not just a Swiss problem but a global one," one Wall Street analyst said after the bank's shares tumbled.
Swiss central bank promised to back Credit Suisse, which sparked investor panic with record losses and financial reporting errors.
After a frenetic weekend, policymakers took the audacious step of guaranteeing all deposits of the failed Silicon Valley Bank.
Some bank customers are fretting over whether their cash is secure after the failure of Silicon Valley Bank. .
Abrupt closure of two banks sent shockwaves across the sector and raises concerns about the stability of regional lenders.
Worried about the FDIC's $250,000 insurance cap? Read on to learn about different ways to safeguard your cash.
Fed "stuck between a rock and a hard place" as it must now decide if the banking system can handle more interest-rate hikes.
Customers and investors are scrutinizing fiscal health of smaller banks that may share some similar risks to SVB.
Regional bank shares are recovering after heavy losses on Monday stemming from the collapse of Silicon Valley Bank.
Federal law enforcement officials on Tuesday confirmed an investigation into the bank's collapse, and the probe is said to be in its early stages.
"We had a situation where people got scared about a bank's ability to return depositors' money and depositors wanted their money out," he said.
Trading halted at more than a dozen regional banks after prices continued to free fall.
Biden administration officials announced a series of emergency moves to reassure the public of the soundness of the financial system.
Andie Swim was among the bank's customers and the owner tells CBS News that she was "panicked and flustered," upon hearing the news of the bank's closing.
From fintech firms to swimwear startups and winemakers, these companies are affected by SVB's collapse.
The stocks of other regional banks, including Zions, Pacific West and Western Alliance, also took a beating.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
Sgt. Bo, a therapy dog who has provided constant comfort to survivors of a 2023 Nashville school shooting, was the American Humane Society's 2025 Hero Dog Award winner.
At Carnegie Mellon University in Pittsburgh, researchers are hard at work developing robot "dogs" designed to assist in situations too dangerous for humans to help.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
Federal prosecutors are investigating Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey for allegedly impeding immigration agents, sources told CBS News, an extraordinary escalation in the Trump administration's clash with Democratic leaders.
Puerto Rico's former governor Wanda Vázquez was previously indicted in a federal corruption case.
Senate Democrats asked Homeland Security Committee Chairman Rand Paul to hold hearings on the federal law enforcement deployment in states.
U.S. District Judge David Carter ruled the Justice Dept.'s demand for voter roll data would trample on Californians' privacy rights
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Denmark, Greenland and other NATO allies remain staunchly opposed to President Trump's efforts to acquire Greenland.
"CBS Mornings" got an exclusive first look inside the new Buffalo Bills stadium to see what makes it unique.
A 21-year-old who demonstrated in Santa Ana, California, against the shooting death of Renee Good says exercising his right to free speech nearly cost him his life.
The number of ICE detainees exceeded 70,000 for the first time in the deportation agency's 23-year history, according to internal DHS data obtained by CBS News.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
The new details on Renee Good's death come after a week of protests in Minnesota that prompted President Trump to threaten to use the Insurrection Act.
The Justice Department says it also added about 80 more attorneys this week to help review the Epstein files to be released.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Curtis International is recalling an additional 330,000 Frigidaire-brand minifridges to an existing recall after reports of the product catching fire.
Analysts from the U.K.-based group the Internet Watch Foundation detected 3,440 AI videos of child sexual abuse last year, a 26,362% increase from 2024.
Matthew and Heather Ammel had "a good and loving marriage" before former Sen. Kyrsten Sinema interfered, Heather Ammel alleges in her lawsuit.
Bruno Rocuba claimed he shot his wife Melissa Rocuba accidentally, but then he started getting rid of all her belongings. "It's like he wanted her erased," said one of their daughters.
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
Sgt. Bo, a therapy dog who has provided constant comfort to survivors of a 2023 Nashville school shooting, was the American Humane Society's 2025 Hero Dog Award winner.
At Carnegie Mellon University in Pittsburgh, researchers are hard at work developing robot "dogs" designed to assist in situations too dangerous for humans to help.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
The White House released the names of some of the leaders who will play a role in overseeing the next steps in Gaza after the Palestinian committee set to govern the territory under U.S. supervision met for the first time.
A Minnesota judge put limits Friday on the tactics that federal law enforcement are permitted to use in their handling of protests over the Trump administration's surge of immigration resources to Minneapolis.
The White House held an event with a bipartisan group of governors to push for reforms in the largest electric grid in the country.
Pennsylvania's two sitting senators, Republican Dave McCormick and Democrat John Fetterman, told CBS News they do not support a U.S. military takeover of Greenland.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The Trump administration reversed cuts to grants for mental health and addiction treatment programs that a CBS News source said were valued at around $1.9 billion.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
The White House released the names of some of the leaders who will play a role in overseeing the next steps in Gaza after the Palestinian committee set to govern the territory under U.S. supervision met for the first time.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
CIA director John Ratcliffe delivered a message that the U.S. "looks forward to an improved working relationship" with Venezuela, a U.S. official told CBS News.
A bipartisan congressional delegation met with Danish and Greenlandic officials Friday to show support for Greenland's territorial integrity despite President Trump's push to acquire the island.
In an exclusive interview with "CBS Mornings," Alicia Keys reflects on "Hell's Kitchen's" Broadway run ending after nearly two years of sold-out performances. The musical is inspired by Keys' own experiences and will continue its national tour. She speaks about the decision for it to leave Broadway and how she has found a healthy relationship with success.
Oscar's Place, a donkey sanctuary in California, now has 210 donkeys and it has successfully resettled 189 others. Ron King, the co-founder and CEO of the sanctuary, helped to create the new docuseries "Donkey King," which follows the work he and volunteers do to rescue, rehabilitate and resettle the animals to protect them. He speaks to "CBS Mornings" about his mission and why he says donkeys are misunderstood.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
This past July, police in California raided the home of Guojun Xuan and Silvia Zhang over allegations of possible child abuse. The couple's 21 children, mostly surrogate-born, were taken into state custody as an investigation began. In the months since their arrest and release, the couple has had at least five more surrogate-born babies. The couple is now fighting for custody of all of their children and is suing some of their surrogates in the process. CBS News legal reporter Katrina Kaufman has more.
Lawyers for the man accused of killing Turning Point USA founder Charlie Kirk are trying to disqualify one of the prosecutors on the case. CBS News reporter Andres Gutierrez has more.
U.S. Immigration and Customs Enforcement is holding about 73,000 people facing deportation, a new record high, according to data. CBS News' Camilo Montoya-Galvez reports.
A Minneapolis Fire Department report obtained by CBS News details Renee Good's apparent injuries and other details about the shooting. CBS News' Ian Lee reports.
A federal indictment alleges some college basketball players were bribed to play poorly in a point-shaving scheme. Citadel professor Sean Patrick Griffin joins CBS News with more details.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
A NASA crew splashed down off the coast of California on Thursday weeks earlier than scheduled due to an astronaut aboard the International Space Station dealing with a medical issue. Mark Strassmann reports on the unprecedented mission home.
Four space station Crew 11 fliers splashed down off the Southern California coast at 3:41 a.m. ET, closing out a 167-day stay in space cut short by a medical issue.
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Pennsylvania Sens. John Fetterman and Dave McCormick join Tony Dokoupil on the "CBS Evening News" to discuss President Trump's plan for Greenland, the debate over health care and more.
After a shooting at a school in Nashville, therapy dogs started visiting students to offer support. Steve Hartman has the story in "On the Road."
At Carnegie Mellon University in Pittsburgh, researchers are hard at work developing robot "dogs" designed to assist in situations too dangerous for humans to help. Tony Dokoupil has the story.
In an interview with "CBS Evening News" anchor Tony Dokoupil, Sens. John Fetterman and Dave McCormick of Pennsylvania discuss working together despite their political differences, how they view President Trump's push to acquire Greenland, health care, and more.
Despite fears raised by public health officials in the Trump administration, a new study finds that taking Tylenol as recommended during pregnancy does not increase the risk of autism, ADHD or any other intellectual disabilities in babies. CBS News medical contributor Dr. Céline Gounder has more.