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.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Hawaii is facing another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday, and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Police make 2nd arrest in death of woman found hanging from tree
Police said they have an arrest warrant for one more person in the death on Mississippi woman Tasia Fortune.
Chris Spatola, basketball analyst and Mike Krzyzewski's son-in-law, dies at 47
Spatola played basketball for the U.S. Military Academy and later coached on legendary Duke head coach Mike Krzyzewski's staff.
These GOP candidates in tight races are calling for a quick end to Iran war
Some Trump-aligned candidates are calling for an end to the Iran war, even as Trump stands by his Iran strategy and has suggested escalation is possible.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Shipwreck, apparent human remains found 7 years after boat sank in Atlantic
The nonprofit Green Oceans asked the Coast Guard to reopen an investigation that had classified the F/V Mistress as lost.
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
DOJ defends Trump media ban, citing national security and "professionalism"
The Justice Department claimed that reporting from CNN, MS NOW and Politico raises national security concerns and accused their journalists of failing to act with "professionalism and decorum."
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Supreme Court stays out of custody dispute between California couple and surrogate
Justice Elena Kagan declined a request from a surrogate to intervene in a custody dispute with a California couple.
What is the White House press pool and how does it work?
President Trump's move to ban CNN, MS NOW and Politico from the White House has highlighted the role of the press pool.
Exclusive
U.S. to welcome up to 17,500 more White South Africans as refugees
The Trump administration is planning to welcome up to 17,500 additional White Afrikaners from South Africa as refugees over the next 12 months, according to a notice sent to Congress.
3 guys hacked OpenAI using a rival Anthropic model. Here's what to know.
Cybersecurity researchers from a small firm called Hacktron in India broke into OpenAI, showing how vulnerable frontier labs are.
ICE officer who shot Venezuelan man wasn't wearing body camera, sources say
The ICE officer who shot a Venezuelan delivery driver was not wearing a body camera at the time of the shooting, sources familiar with the investigation told CBS News.
Diesel prices just hit a new record. Would a U.S. export ban bring relief?
Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.
Have an Apple iPhone 15 or 16? How to file a claim for up to $95.
The claims window is open until Dec. 21, 2026. To file a claim, iPhone users must enter basic personal info and their iPhone's serial number.
Trump signs agreement giving U.S. broad military authority in Greenland
The U.S., Denmark and Greenland signed a new security agreement bolstering the United States' military and security presence on the island.
Hayden Panettiere died from accidental overdose, autopsy finds
An autopsy by the Greenville County Coroner's Office determined Hayden Panettiere's death was due to an accidental overdose of several drugs, including fentanyl.
U.S.
More U.S.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Hawaii is facing another hurricane watch as new storm closes in
Nolo is expected to become a hurricane sometime Thursday, and could become a major hurricane by the weekend as it approaches Hawaii's Big Island.
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
MoneyWatch
More MoneyWatch
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Social Security tax hike "financially impossible" for many, expert says
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Meta's Muse shopping agent is a hit, as AI commerce starts to take off
Meta's new AI tool now ranks at the top of the App Store. Some retail experts see a "natural evolution from search."
Andreessen Horowitz launches AI school as college alternative
One of Silicon Valley's most prominent venture investors is gearing its new tech academy toward aspiring entrepreneurs focused on building AI.
Politics
More Politics
Navy reports 8 suicide attempts on carrier group that faced monthslong deployment
There have been eight suicide attempts across the USS Abraham Lincoln carrier strike group since the beginning of its grueling monthslong deployment last year, Acting Navy Secretary Hung Cao said.
Judge dismisses Trump's 2024 lawsuit against Iowa newspaper over poll results
An Iowa judge sided with pollster J. Ann Selzer and The Des Moines Register, saying that allowing the lawsuit and its "faulty" claims to proceed could "discourage others from reporting on and debating public affairs."
Trump rolls out the red carpet for Xi despite U.S.-China tensions
It's not clear what specific goals President Trump wants to accomplish in his meeting with the Chinese leader.
Cybercriminal group claims it stole FBI personnel and applicant data
A notorious cybercriminal group claims it breached the FBI on Monday and stole data about personnel and FBI applicants.
Judge skeptical of Trump's White House ban on CNN, MS NOW and Politico
A federal judge signaled he is skeptical of President Trump's ban on CNN, MS NOW and Politico from White House grounds.
HealthWatch
More HealthWatch
Bone health and the "silent disease": 4 things women should know
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
Even the smallest joys can help prevent suicide, researchers say
New research highlights common themes shared by people who found reasons to keep living through dark times.
First on CBS
JB Pritzker reveals GLP-1 use, pressed on possible presidential run
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Her son was dying, but his rare cancer made it difficult to get the right drug
As knowledge about genetics advances, some doctors say cancers should be defined by their mutations, not the tissues where they manifest.
Her postpartum symptoms wouldn't go away. A brain tumor was to blame.
Lisa Fasone's first pregnancy went smoothly. Then a rare health condition put her dreams of a second child on hold.
World
More World
Ambassador says son is fighting for his life after attack in West Bank
Neria Leiter, the son of Israel's ambassador to the U.S., Yechiel Leiter, was seriously injured in a car-ramming attack in the West Bank.
6 people killed in bear attacks in Siberia: "Under siege"
Prosecutors said they opened a probe into criminal negligence, accusing local officials of failing to control bear numbers.
El Niño could cause 451,000 more heat deaths compared to normal year, group says
Researchers project nearly half a million more heat-related deaths from June 2026 to February 2027 compared with a typical year, as a result of El Niño.
Wife of scholar detained in China wants Trump to press Xi to release him
Min Zin, a Myanmar scholar, has been held for more than 100 days at what human rights groups say is a "black site" in China.
Live
U.S., Iran hold first talks since June as Trump threatens annihilation
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Entertainment
More Entertainment
Entertainment
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."
Dolly Parton's estate granted restraining order against her nephew
A Tennessee judge granted Dolly Parton's estate a temporary restraining order Wednesday against the late singer's nephew Bryan Seaver and his private security company.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Disney is raising prices for Disney+ and Hulu. See the breakdown.
The price hikes for new subscribers are effective immediately. Existing subscribers' plans will go up next month.
Zibby Owens on living "between chapters"
Zibby Owens sits down with "CBS Mornings" to discuss her new book "Between Chapters: How I Started Over, Took Some Chances, and Found the Plot ."
Technology
More Technology
Technology
How Meta AI agent Muse differs from chatbots
Meta is announcing its latest artificial intelligence tools and smart glasses at its annual showcase on Wednesday. CNET AI reporter Katelyn Chedraoui joins CBS News to discuss.
AI leaders call for international cooperation
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei are among the artificial intelligence executives briefing the U.N. Security Council amid warnings about AI's possible threat to humanity. Fortune magazine reporter Eva Roytburg joins CBS News to discuss.
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.
Meta set to launch camera-free smart glasses
Meta's smart glasses have sparked privacy concerns with some users recording people without their knowledge or consent. Now, the company is expected to launch a new pair of spectacles addressing those worries. Mashable tech editor Tim Werth joins CBS News with more.
Trump to meet with China's XI over AI
President Trump has downplayed the threat posed by artificial intelligence amid growing calls for AI regulation. MIT professor and artificial intelligence expert Max Tegmark weighs in on Mr. Trump's planned meeting with China's Xi Jinping.
Science
More Science
Science
Neuroscientists grow human brain tissue in mice
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
New species of wild cat discovered for first time in more than a century
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
Humpback whale seen grieving dead calf in rare footage
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Remains of ancient warhorse given honorific burial discovered in Egypt
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Anthropic CEO says "exponential" growth of AI is a "warning sign"
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Crime
More Crime
Crime
Rollercoaster linked to brain injuries
Over 100 Six Flags visitors are accusing the X2 rollercoaster in Southern California of leaving them with traumatic brain injuries. Carter Evans has more.
Dolly Parton's nephew facing court order
Dolly Parton's nephew, Bryan Seaver, who had announced her death in a video last month, was ordered by a court to stay out of most of her estate's affairs after threat accusations. Nicole Valdes has the latest.
American Idol contestant on trial for murder
Caleb Flynn, a former American Idol contestant, is on trial in Ohio for the murder of his wife. Ian Lee has the story.
Ugly legal fight for Dolly Parton's estate
Members of Dolly Parton's family and team appear to be feuding over her estate. CBS News' Shanelle Kaul explains.
Could Boise's "Unknown Wanderer" be linked to Chicago Tylenol murders?
Boise police have identified a man known as the "Unknown Wanderer" who was found dead in a church in 1982, and revealed a possible link to the Chicago Tylenol murders.
Space
More Space
NASA spacecraft discovers moon crater bigger than Roman Colosseum
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA launches its Roman Space Telescope to explore the hidden universe
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
Roman Space Telescope promises 300-megapixel views of the cosmos
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
First on CBS
Trump to honor Artemis II crew with nation's top space medal
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
NASA's Swift telescope will plunge toward Earth after rescue mission called off
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
Latest Galleries
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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.
Dolly Parton: An extraordinary life in pictures
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Latest CBS News Videos
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Latest CBS News Videos
Extended interview: Patrick Clancy
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
Bone Loss: A Silent Disease
About half of women over the age of 50 experience bone density loss, but most don't even know they have a problem. That's why Dr. Jocelyn Wittstein calls it a "silent disease." Dr. Wittstein has been at the forefront of understanding how joint pain and joint health evolve over a woman's lifetime. She tells Norah how you can reverse bone loss and what impact hormones have on bone density.
Mortgage rates surpass 7%
The 30-year fixed rate mortgage in the U.S. has gone over 7% for the first time since May 2024. CBS News business contributor Javier David breaks down what's driving the spike.
Taylor Swift releasing new music before VMAs
Taylor Swift announced a new single, "Patient Zero," and a deluxe version of her record-breaking album, "The Life of a Showgirl," this week as the VMAs and Grammy voting season approach. Bryan West, who covers Taylor Swift for USA Today, joins "The Daily Report."
What to expect from Trump's talks with China's Xi
President Trump is hosting Chinese President Xi Jinping for a state visit as artificial intelligence safety discussions ramp up at the U.N. General Assembly. Graham Allison, a government professor at Harvard University, joins "The Daily Report" to discuss.