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 footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
A pioneering Cold War-era spy plane sits at the entrance to CIA headquarters, prompting a painstaking effort to preserve an aircraft that once flew 80,000 feet above Soviet missile sites.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
Jonathan Gustafson talks about discovering his love for luge at 11 as he prepares to represent Team USA at the 2026 Milano Cortina Winter Olympics.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
A Houston doctor has been indicted on charges of falsifying medical records for five patients, making them ineligible to receive a liver transplant, federal prosecutors say.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Some spouses obtained military identification cards for Chinese nationals, court documents alleged.
Super Bowl LX will feature an ad to promote Trump Accounts, a new investment plan to help eligible families save money for their kids.
Nearly two weeks after a catastrophic ice storm rocked northeast Mississippi, still 25,000 customers are without power as of Thursday.
U.S. District Judge Jerry Blackwell admonished the Trump administration for what he said was a failure to comply with judicial orders, warning it is "not above the law."
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
Colin Demarco was arrested in January, months after he was seen in a Ring camera image at Vought's door, wearing a surgical mask and gloves.
One jewelry company is looking to offset surging silver prices by plating its pieces with an even more precious metal.
Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
Newly released documents from the Epstein files raise more questions about activity seen on video from the jail the night he died.
President Trump told NBC News he didn't know why Director of National Intelligence Tulsi Gabbard was at the search of the Georgia county's elections office.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
In a video message, Savannah Guthrie and her siblings sought to tell their mother's possible abductor – or abductors – that they are "ready to talk."
The U.S. on Thursday announced the resumption of dialogue with Russia's military, which had been suspended since 2021.
Senate Republicans criticized Democrats' list of demands to rein in ICE, further reducing the odds of reaching a deal on DHS funding.
Prosecutors allege that Kyle Wagner, 37, shared social media posts threatening ICE agents.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
A pioneering Cold War-era spy plane sits at the entrance to CIA headquarters, prompting a painstaking effort to preserve an aircraft that once flew 80,000 feet above Soviet missile sites.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
Jonathan Gustafson talks about discovering his love for luge at 11 as he prepares to represent Team USA at the 2026 Milano Cortina Winter Olympics.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Super Bowl LX will feature an ad to promote Trump Accounts, a new investment plan to help eligible families save money for their kids.
Poll on the economy and opportunity finds fewer feel prices rising, while most see a gap between the richest and the middle class.
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
One jewelry company is looking to offset surging silver prices by plating its pieces with an even more precious metal.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
A pioneering Cold War-era spy plane sits at the entrance to CIA headquarters, prompting a painstaking effort to preserve an aircraft that once flew 80,000 feet above Soviet missile sites.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
A new push to pass a GOP elections bill known as the SAVE America Act is underway in Congress, but Democrats warn the proposal could disenfranchise millions of eligible voters.
The U.S. military struck an alleged drug-carrying boat in the Pacific on Thursday, marking the 38th vessel to be struck over the last five months and the second this year.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
The New Mexico Department of Health said officials believe the baby contracted listeria after their mother drank raw milk during pregnancy.
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
The investigation began when police uncovered a murder plot involving a corrections management employee who was targeted by mobsters, an official said.
A pair of stoats named Tina and Milo are the mascots for the 2026 Winter Olympic and Paralympic Games.
At least a dozen athletes will represent AIN at the 2026 Winter Olympics. Here's what it has to do with the ROC, Russia and the country's doping scandal.
The 2026 Winter Olympics opening ceremony officially kicks off the Milano-Cortina Games with performances, the Parade of Nations and the lighting of the Olympic cauldron.
Figure skaters Madison Chock and Evan Bates rock-and-rolled their way to a world-best 91.06 points in the rhythm dance Friday at the Milan Cortina Olympics.
Bad Bunny, the Puerto Rican singer born Benito Antonio Martínez Ocasio, told fans to expect a special Super Bowl halftime show on Sunday. Nidia Cavazos reports on how the star is performing, and whether he'll have any surprise guests.
Bad Bunny will perform on the Super Bowl halftime stage on Sunday for an all-Spanish performance - a first at the big game. The six-time Grammy winner gave a preview ahead of his performance, saying, "they dont even have to learn Spanish. They just … it's better if they learn to dance."
A simple factory error in China has created a viral sensation, with millions in Asia welcoming the Year of the Horse with a frown.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
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.
Apple is reportedly getting ready to launch its first foldable phone. Plus, OpenAI announced it is retiring its older ChatGPT-4o. Mashable tech editor Tim Werth joins CBS News to discuss.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
The investigation began when police uncovered a murder plot involving a corrections management employee who was targeted by mobsters, an official said.
Russian Foreign Minister Sergei Lavrov accused Ukraine of trying to "disrupt the negotiation process" searching for an end to the war.
Charles "Sonny" Burton was convicted as an accomplice in the shooting death of Doug Battle, a customer who was killed during a robbery of an auto parts store.
A Houston doctor has been indicted on charges of falsifying medical records for five patients, making them ineligible to receive a liver transplant, federal prosecutors say.
Savannah Guthrie's brother, Camron Guthrie, issued a plea Thursday for the return of their mother, Nancy Guthrie, saying in a video to the possible abductor, "We want to talk to you."
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
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.
The U.S. and Iran are wrapping up indirect talks in Oman Friday over Tehran's nuclear program. CBS News senior foreign correspondent Elizabeth Palmer reports.
Savannah Guthrie's brother, Camron, made another plea to their mother's potential abductors as authorities continue their search for the 84-year-old who went missing over the weekend in Tucson, Arizona. CBS News' Andres Gutierrez and Anna Schecter have the latest.
The Milano Cortina Winter Games opening ceremony marks the official start of the 2026 Winter Olympics and takes place at Milan's San Siro Stadium. Kelly O'Grady reports from Milan.
The Trump administration gave conflicting explanations on why Director of National Intelligence Tulsi Gabbard was at the FBI search of an election headquarters in Fulton County, Georgia, last week. CBS News' Natalie Brand has the latest.
Lale Arikoglu, articles director of Condé Nast Traveler, breaks down some of the top destinations to visit this spring.