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.
Banking Crisis & Response
Group of big banks pumps $30 billion in battered First Republic
The San Francisco regional bank's stock had plunged by a third on Thursday on concerns about its financial stability.
What to know about bank deposits and the FDIC Deposit Insurance Fund
The two banks suddenly collapsed last week, but the federal government quickly said that depositors would not lose their money.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
How Twitter helped push Silicon Valley Bank over the edge
Social media and online banking have made lenders more vulnerable to digital bank runs, experts say.
Large banks see influx of new depositors
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.
Credit Suisse to borrow nearly $54 billion in bid to calm fears
Shares of the financial giant had sunk to an all-time low, fueling further concerns about the stability of other big banks.
Stocks slump as Credit Suisse selloff reignites bank worries
"Credit Suisse is not just a Swiss problem but a global one," one Wall Street analyst said after the bank's shares tumbled.
Credit Suisse shares plunge, fueling fresh banking fears
Swiss central bank promised to back Credit Suisse, which sparked investor panic with record losses and financial reporting errors.
How Washington came to rescue U.S. banks
After a frenetic weekend, policymakers took the audacious step of guaranteeing all deposits of the failed Silicon Valley Bank.
Is my money safe? What you need to know about bank failures.
Some bank customers are fretting over whether their cash is secure after the failure of Silicon Valley Bank. .
Silicon Valley Bank's failure sows panic. Here's what to know.
Abrupt closure of two banks sent shockwaves across the sector and raises concerns about the stability of regional lenders.
How to protect your money when banks fail
Worried about the FDIC's $250,000 insurance cap? Read on to learn about different ways to safeguard your cash.
Stocks climb higher on Wall Street, led by beaten down banks
Fed "stuck between a rock and a hard place" as it must now decide if the banking system can handle more interest-rate hikes.
In wake of SVB's collapse, questions arise over regional banks
Customers and investors are scrutinizing fiscal health of smaller banks that may share some similar risks to SVB.
Bank stocks rise as Wall Street panic subsides
Regional bank shares are recovering after heavy losses on Monday stemming from the collapse of Silicon Valley Bank.
Justice Department investigating Silicon Valley Bank collapse, officials say
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.
"Classic bank run" led to historic bank failures, says ex-Trump adviser
"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.
Bank stocks dive as Wall Street trembles amid SVB failure
Trading halted at more than a dozen regional banks after prices continued to free fall.
Biden seeks to reassure Americans on strength of U.S. banking system
Biden administration officials announced a series of emergency moves to reassure the public of the soundness of the financial system.
Andie Swim founder stunned by Silicon Valley Bank collapse: "Did we lose everything?"
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.
Who were Silicon Valley Bank customers?
From fintech firms to swimwear startups and winemakers, these companies are affected by SVB's collapse.
First Republic Bank shares plummet as banking fears spread
The stocks of other regional banks, including Zions, Pacific West and Western Alliance, also took a beating.
Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
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.
Regulators close New York's Signature Bank
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
U.S.
2 U.S. service members missing after training exercises in Morocco
The service members were participating in African Lion, the largest joint military exercise on the continent.
Stalked woman shot at 14 times by ex-boyfriend during horrific 911 call
Gloria Choi and her friends called Lakewood, Washington, 911 four times in 48 hours to report her being stalked by an ex-boyfriend. Two days later, he ran her off the road and riddled her truck with bullets as she was on the line with a 911 dispatcher.
Golden Tempo wins 152nd Kentucky Derby, making history for its trainer
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Kentucky Derby brings eye-catching looks, from statement hats to standout suits
Held every spring in Louisville, Kentucky, the event is also known for its over-the-top hats and vibrant suits and dresses.
Vehicle carrying explosives crashes into Portland athletic club, driver dead
A vehicle carrying explosives crashed through the front entrance of an athletic club in downtown Portland, Oregon. The driver was killed.
"This is it tonight": Spirit Airlines pilots sign off on final flights
Air traffic control audio records showed the exchanges between controllers and the pilots of some of Spirit Airlines' final flights
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Bard College president to retire after revelations of his ties to Epstein
The longtime president of Bard College announced his retirement, months after it was revealed that he had a much deeper relationship with convicted sex offender Jeffrey Epstein than was previously known.
Tennessee, Alabama take steps to redraw House maps in wake of Supreme Court ruling
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
After a fire torched their Nebraska ranch, anonymous donors came to their rescue
Mike and Kayla Wintz lost their entire 11,000-acre ranch to a wildfire in the span of about two hours. They have since been gifted about $80,000 worth of hay, mostly from anonymous donors.
Drugmaker asks Supreme Court to halt ruling blocking online access to mifepristone
A maker of the widely used abortion pill mifepristone asked the Supreme Court on Saturday to block an appellate court ruling that cut off mail-order access to the drug just a day earlier.
Exclusive
Ford CEO says company is focusing on making vehicles more affordable
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
What will a Spirit Airlines shutdown mean for travelers?
Have tickets to fly on Spirit? Here's what to know about refunds and alternative flights as the budget airline ceases operations.
Judge blocks Trump from ending deportation protections for Yemenis
A federal judge on Friday blocked the Trump administration from revoking legal protections for more than 2,800 Yemeni nationals.
FDA expands access to drug helping pancreatic cancer patients
Former Sen. Ben Sasse, 54, called daraxonrasib "a miracle drug" that was allowing him to live longer and with less pain.
Trump tells Congress "hostilities" with Iran have "terminated"
President Trump on Friday told Congress that hostilities with Iran have "terminated," addressing a critical 60-day deadline.
Body found in Tampa Bay identified as 2nd missing doctoral student
Nahida Bristy and Zamil Limon were last seen in the Tampa area on April 16. Limon's roommate has been charged with their murders.
Here's when businesses will start getting refunds for Trump's IEEPA tariffs
The first refund payments will go out later this month as the portal works through kinks to return money to businesses.
Comey faces charges over "86 47" post. How strong is the case?
Former FBI Director James Comey was charged with two counts arising out a now-deleted image he shared on Instagram that showed seashells arranged to read "86 47."
Nebraska becomes first U.S. state to enact Medicaid work requirements
The "big beautiful bill" requires U.S. states to add work requirements to Medicaid by January 2027. Experts warn millions could lose health coverage.
Remains of teen sailor who helped rescue downed WWII airmen identified
U.S. Navy Aviation Radioman 2nd Class Robert L. Cyr Jr. enlisted at 17 and flew patrols in the Pacific before his death at 19.
Spirit Airlines could shut down as soon as Saturday
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
ICE reports 18th detainee death in 2026, putting agency on track for new record
ICE reported the 18th death of an individual in its custody so far this year, putting the agency on track to record a new all-time high in detainee deaths.
This week on "Sunday Morning" (May 3)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
More Americans are quitting their U.S. jobs to work abroad, study finds
Since 2021, the share of U.S.-based employees who have left their jobs to work in another country has more than doubled.
U.S.
More U.S.
2 U.S. service members missing after training exercises in Morocco
The service members were participating in African Lion, the largest joint military exercise on the continent.
Stalked woman shot at 14 times by ex-boyfriend during horrific 911 call
Gloria Choi and her friends called Lakewood, Washington, 911 four times in 48 hours to report her being stalked by an ex-boyfriend. Two days later, he ran her off the road and riddled her truck with bullets as she was on the line with a 911 dispatcher.
Golden Tempo wins 152nd Kentucky Derby, making history for its trainer
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Kentucky Derby brings eye-catching looks, from statement hats to standout suits
Held every spring in Louisville, Kentucky, the event is also known for its over-the-top hats and vibrant suits and dresses.
Vehicle carrying explosives crashes into Portland athletic club, driver dead
A vehicle carrying explosives crashed through the front entrance of an athletic club in downtown Portland, Oregon. The driver was killed.
MoneyWatch
More MoneyWatch
Berkshire Hathaway has 1st annual meeting without Warren Buffett
The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved.
Spirit Airlines shutting down after failed effort at government rescue deal
The budget carrier Spirit Airlines is ceasing operations after failing to land a $500 million bailout from the Trump administration.
Pickleball Inc. $225 million deal creates new home for sport
The deal merged Major League Pickleball and the Carvana PPA Tour, two of the nascent sport's most active entities, under one company, Pickleball Inc.
Exclusive
Ford CEO says company is focusing on making vehicles more affordable
Ford CEO Jim Farley tells CBS News, "Most of our new models are going to be more affordable versions."
What will a Spirit Airlines shutdown mean for travelers?
Have tickets to fly on Spirit? Here's what to know about refunds and alternative flights as the budget airline ceases operations.
Politics
More Politics
Tennessee, Alabama take steps to redraw House maps in wake of Supreme Court ruling
The Republican governors of Tennessee and Alabama called state lawmakers into special sessions on Friday, initial steps in what could be a scramble to redraw congressional maps after the Supreme Court narrowed the Voting Rights Act.
Trump tightens U.S. sanctions on Cuba, signaling a warning to the island, expert says
The new measures increase pressure on foreign financial institutions by threatening their access to U.S. markets if they continue to work with Cuban government entities.
Judge rebukes prosecutors in hearing for accused correspondents' dinner gunman
A federal judge scolded prosecutors for pushing to move forward with detention proceedings for accused correspondents' dinner gunman Cole Allen, even though Allen agreed to remain in custody.
Trump administration to cut 5,000 U.S. troops from Germany
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
Judge blocks Trump from ending deportation protections for Yemenis
A federal judge on Friday blocked the Trump administration from revoking legal protections for more than 2,800 Yemeni nationals.
HealthWatch
More HealthWatch
Football practice was leaving a teen fatigued. A rare cancer was to blame.
Cameron Rider's fatigue, body aches and fever were diagnosed as pneumonia, but he couldn't seem to get better.
Drugmaker asks Supreme Court to halt ruling blocking online access to mifepristone
A maker of the widely used abortion pill mifepristone asked the Supreme Court on Saturday to block an appellate court ruling that cut off mail-order access to the drug just a day earlier.
FDA expands access to drug helping pancreatic cancer patients
Former Sen. Ben Sasse, 54, called daraxonrasib "a miracle drug" that was allowing him to live longer and with less pain.
Nebraska becomes first U.S. state to enact Medicaid work requirements
The "big beautiful bill" requires U.S. states to add work requirements to Medicaid by January 2027. Experts warn millions could lose health coverage.
Delays in visa program threaten placement of hundreds of doctors in underserved areas
Hundreds of foreign doctors about to complete training in the U.S. will have to leave the country if the federal government doesn't rapidly process their visa waiver applications, immigration attorneys say.
World
More World
2 U.S. service members missing after training exercises in Morocco
The service members were participating in African Lion, the largest joint military exercise on the continent.
Austrian police arrest suspect in connection to rat poison in baby food jars
The Burgenland State Criminal Police Office said the suspect was being questioned, and that no further details would be immediately provided.
Shakira draws 2 million spectators in free concert on Copacabana Beach
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
Mexican governor accused by U.S. of drug trafficking temporarily steps down
The U.S. accuses Sinaloa Gov. Ruben Rocha Moya of working with cartels to distribute "massive quantities" of narcotics to the United States.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
Entertainment
More Entertainment
Shakira draws 2 million spectators in free concert on Copacabana Beach
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
5/2: Saturday Morning
Spirit Airlines announced it will cease operations after failing to secure a federal bailout. Meanwhile, President Trump rejected Iran's latest peace proposal.
NFL whiff leads to lifesaving diagnosis for sales manager at Kentucky Derby
Attending this year's Kentucky Derby meant more for thoroughbred expert Mark Toothaker, who suffered a seizure from laughing at a whiffed NFL field goal attempt that led to a lifesaving diagnosis.
Andy Serkis on "Animal Farm"
Andy Serkis, the iconic voice of Gollum in "Lord of the Rings," speaks with "CBS Saturday Morning" about his latest project, an animated version of George Orwell's "Animal Farm."
Manish Malhotra on his design journey
Indian fashion designer Manish Malhotra is no stranger to American red carpets, counting Beyoncé, the Kardashians and Rihanna as clients. Malhotra spoke with "CBS Saturday Morning" about his start as a Bollywood costume designer ahead of Monday's Met Gala.
Technology
More Technology
Technology
Reducing data center impact on U.S. power grid
Powerful artificial intelligence data centers are putting a significant strain on the nation's power grid, but one U.S.-based company has a proposal to help solve the issue. Jon Parella, CEO and founder of Terraflow Energy, joins to discuss.
Apple's latest earnings beat expectations
Apple's latest earnings report beat Wall Street expectations. CBS News contributor Patrick McGee joins with more.
How AI powered robots are helping small farms
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 concludes testimony in OpenAI trial
Elon Musk's testimony concluded Thursday in his lawsuit against OpenAI. Nicholas Thompson, CEO of The Atlantic and host of "The Most Interesting Thing in AI" podcast, joins "The Takeout" with analysis.
Elon Musk cross-examined in OpenAI trial
Elon Musk was cross-examined in his lawsuit against OpenAI on Thursday. In testimony on Wednesday, he said he was "a fool" for funding OpenAI. He is accusing OpenAI and its CEO, Sam Altman, of betraying him and the public by abandoning its core mission as it transitioned from a nonprofit to a for-profit company. WIRED senior writer Maxwell Zeff joins CBS News to discuss.
Science
More Science
Science
Bill Nye on the Artemis II moon mission
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
Crime
More Crime
Stalked woman shot at 14 times by ex-boyfriend during horrific 911 call
Gloria Choi and her friends called Lakewood, Washington, 911 four times in 48 hours to report her being stalked by an ex-boyfriend. Two days later, he ran her off the road and riddled her truck with bullets as she was on the line with a 911 dispatcher.
New video of correspondents' dinner suspect
New video shows the alleged White House Correspondents' Dinner shooter breaching event security after roaming the hotel hallways prior to the dinner.
Starmer urges action at some Gaza protests after antisemitic attacks
Keir Starmer said he would always defend the right to protest, but that there may be instances where some marches should be banned.
3 months since Nancy Guthrie's disappearance
Friday marked exactly three months since Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing. Briana Whitney, a breaking news reporter for the Crime Junkie podcast, joins "The Daily Report" with more.
WHCA scholarship recipients on shooting
For more than 100 years, the White House Correspondents' Dinner has celebrated the First Amendment and freedom of the press. The annual event is also a fundraiser for journalism scholarships. This year, the White House Correspondents' Association awarded $156,000 in grants to 30 college students. Two recipients, Kaitlin Bender-Thomas and Madison Maynard, join "The Daily Report" to discuss the shooting.
Space
More Space
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
Artemis II astronauts talk mission toilet troubles: "We made do"
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
Only on CBS
Artemis crew tells kids moon flight was "the best roller coaster ride"
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Latest Galleries
More Latest Galleries
Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
The Love Bombing of Gloria Choi
A dream romance ends in murder after a woman falls for a stranger. "48 Hours" correspondent Natalie Morales reports.
Mountain lion cub with missing toes rescued
A mountain lion cub missing some toes was found alone in the Santa Monica Mountains at just three weeks old. Crimson is now being cared for at the Oakland Zoo, and has clawed his way into people's hearts. Itay Hod has the story.
Marine heatwave could bring extreme weather
The ocean off California keeps breaking heat records. Experts say it could produce a stormy summer that may threaten lives. Max Darrow explains.
States scramble to redistrict after major ruling
Alabama and Tennessee are the latest states rushing to redraw congressional districts after a Supreme Court ruling that further weakens the Voting Rights Act of 1965. Nikole Killion reports.
Abortion pill maker makes Supreme Court plea
A drugmaker of mifepristone filed an emergency appeal to the Supreme Court to restore access for Americans who receive the abortion pill by mail.