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.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, has forced evacuations, closed roads and disrupted schools.
DOJ asks Supreme Court to allow Postal Service rules on mail ballots
The Justice Department asked the Supreme Court to intervene in an ongoing legal battle over U.S. Postal Service rules for mail ballots just weeks before the November midterm elections.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Election officials raise alarm over mail voting rules: "Virtually impossible"
One official in California said that scanning individual ballots for every voter in the state would take roughly 43 years based on the Postal Service's estimates.
Gas prices surge just before Labor Day, as diesel nears record high
"Diesel is just a couple of ticks away from hitting a new record," one energy expert said. "That will happen."
DOJ reviving dormant prize law to try to claim Iranian oil tankers
The Justice Department is planning to try to use a legal regime last used during the Spanish-American War to speed up the seizure of ships and their cargo during the Iran conflict.
Postal Service mail voting rules face extended block as judge presses DOJ
A federal judge is considering whether to continue blocking a U.S. Postal Service rule imposing new requirements for mail voting.
DOJ charges ICE officer who shot immigrant with lying to investigators
Federal prosecutors have charged an ICE officer who shot a Venezuelan immigrant in Minnesota with making false statements about the incident, sources said.
The Social Security Administration overpaid her. Now she owes $35,000.
The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.
Chocolate eyeball candy sold at Marshalls, TJ Maxx recalled
The recalled candy, sold under the brand "Crystal Temptations," was distributed in 13 states.
U.S. layoffs in August fell to their lowest level in 4 years
Job cuts around the U.S. have declined this year even amid signs that hiring is weakening.
Hegseth favors Sean Parnell for Army secretary, sources say
Defense Secretary Pete Hegseth has told people close to him that Sean Parnell would be his top choice for secretary of the Army, several senior officials told CBS News.
Exclusive
AI interviews rolling out for some federal government hires, sources say
The federal government will shift into using artificial intelligence in the interview process for some job applicants in the coming days, according to U.S. officials.
Mother of USS Abraham Lincoln sailor "so relieved" son has arrived in Thailand
The USS Abraham Lincoln pulled into port in Thailand for some rest and relaxation after 286 days at sea.
Good Good Golf CEO resigns after furor over Callaway ad
The top two executives at digital marketing company Good Good Golf are leaving after a controversial ad was panned as sexist.
Hillary Clinton on Gloria Steinem: "One of the architects" of women's equality
Former Secretary of State Hillary Clinton remembered activist Gloria Steinem as "one of the architects of the entire structure of women's equality," while encouraging young women to lift up each other.
Gloria Steinem, trailblazing figure in women's liberation movement, dies at 92
Gloria Steinem, co-founder of Ms. Magazine, was a leader in raising awareness about gender equality and violence against women, and for promoting inclusion, representation and social justice for women and girls.
U.S. journalist gets 2 year sentence for acting as agent for China, DOJ says
American journalist Thomas Weir Pauken II has been sentenced to two years in federal prison for acting as an agent of China's government within the U.S., the Justice Department says.
Maduro, wife seek dismissal of drug trafficking indictment on immunity grounds
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
Uber to shed 10% of workers as it moves to cut costs and streamline
CEO Dara Khosrowshahi said Uber is removing organizational layers and taking other steps to boost its efficiency.
2 killed, at least 5 others injured in downtown Minneapolis shooting
Two people are dead and at least five others are injured, including three officers, after a shooting near 15 East Grant Street Wednesday afternoon in downtown Minneapolis, according to police. The suspected shooter is also dead.
First on CBS
Dark money in Texas Senate race spurs Talarico complaint to FEC against Paxton
James Talarico's Senate campaign is accusing Ken Paxton and his campaign treasurer of "illegally spending" $1 million that was routed to a Paxton-aligned super PAC.
People turning to BNPL loans to pay for rent, food and other necessities
More consumers are taking out "buy now, pay later" loans to make ends meet, a sign of the U.S. affordability crisis, according to consumer advocates.
House rejects GOP effort to ban Supreme Court expansion in Constitution
A GOP-proposed constitutional amendment to limit the Supreme Court to nine justices failed in the House, coming up well short of the two-thirds majority needed.
Clancy trial highlights need to rethink postpartum care: "The duty is on the system"
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
U.S.
More U.S.
Ross Fire still burning, with over 90,000 acres scorched
The wildfire, which has torn through Palo Pinto and Jack counties, has forced evacuations, closed roads and disrupted schools.
DOJ asks Supreme Court to allow Postal Service rules on mail ballots
The Justice Department asked the Supreme Court to intervene in an ongoing legal battle over U.S. Postal Service rules for mail ballots just weeks before the November midterm elections.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Election officials raise alarm over mail voting rules: "Virtually impossible"
One official in California said that scanning individual ballots for every voter in the state would take roughly 43 years based on the Postal Service's estimates.
Gas prices surge just before Labor Day, as diesel nears record high
"Diesel is just a couple of ticks away from hitting a new record," one energy expert said. "That will happen."
MoneyWatch
More MoneyWatch
Gas prices surge just before Labor Day, as diesel nears record high
"Diesel is just a couple of ticks away from hitting a new record," one energy expert said. "That will happen."
The Social Security Administration overpaid her. Now she owes $35,000.
The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.
Chocolate eyeball candy sold at Marshalls, TJ Maxx recalled
The recalled candy, sold under the brand "Crystal Temptations," was distributed in 13 states.
U.S. layoffs in August fell to their lowest level in 4 years
Job cuts around the U.S. have declined this year even amid signs that hiring is weakening.
Good Good Golf CEO resigns after furor over Callaway ad
The top two executives at digital marketing company Good Good Golf are leaving after a controversial ad was panned as sexist.
Politics
More Politics
DOJ asks Supreme Court to allow Postal Service rules on mail ballots
The Justice Department asked the Supreme Court to intervene in an ongoing legal battle over U.S. Postal Service rules for mail ballots just weeks before the November midterm elections.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Election officials raise alarm over mail voting rules: "Virtually impossible"
One official in California said that scanning individual ballots for every voter in the state would take roughly 43 years based on the Postal Service's estimates.
DOJ reviving dormant prize law to try to claim Iranian oil tankers
The Justice Department is planning to try to use a legal regime last used during the Spanish-American War to speed up the seizure of ships and their cargo during the Iran conflict.
Postal Service mail voting rules face extended block as judge presses DOJ
A federal judge is considering whether to continue blocking a U.S. Postal Service rule imposing new requirements for mail voting.
HealthWatch
More HealthWatch
Clancy trial highlights need to rethink postpartum care: "The duty is on the system"
Lindsay Clancy's case is resonating with moms across the U.S. — bringing into focus the spectrum of perinatal mood and anxiety disorders and the lack of resources for many women.
What's true and false about infertility? We asked a fertility specialist.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
The market forces quietly adding thousands to patient bills
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
Trump inks deal with 9 pharmaceutical companies to lower drug costs
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Man with sinus infection symptoms diagnosed with heart condition
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
World
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DOJ reviving dormant prize law to try to claim Iranian oil tankers
The Justice Department is planning to try to use a legal regime last used during the Spanish-American War to speed up the seizure of ships and their cargo during the Iran conflict.
"Supersized" El Niño's harshest weather ahead includes heat, drought, floods
A new forecast predicts with almost 100% certainty that El Niño will remain in place until early 2027, peaking later this year.
U.S. sinks second "floating refueling station" used by alleged drug traffickers
The U.S. military intercepted and sank a vessel that was allegedly being used to support at-sea drug trafficking by the Ecuadorian criminal organization Los Choneros, officials said.
Maduro, wife seek dismissal of drug trafficking indictment on immunity grounds
Former Venezuelan President Nicolás Maduro and his wife asked a judge to toss their drug trafficking indictment on the grounds that they have immunity as the leader and first lady of a foreign country.
Exclusive
Military personnel told last month to stop calling Iran conflict "Operation Epic Fury"
The Pentagon says "Operation Epic Fury" ended on May 5, after an Air Force email last month told service members to stop using the name for ongoing Iran operations.
Entertainment
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Entertainment
KIND Snacks founder on his new podcast
"Shark Tank" judge and KIND Snacks founder Daniel Lubetzky joins "CBS Mornings" to discuss his new podcast, "Build or Break," where he sits down with fellow entrepreneurs and industry disruptors.
Gloria Steinem dies at 92
Gloria Steinem, a feminist icon and a pioneer in the women's liberation movement, has died at 92. CBS News' Jarred Hill looks back at her historic career.
Adria Arjona talks career, "Onslaught" role
Adria Arjona sits down with "CBS Mornings" to discuss her new movie, "Onslaught," and working with Michael B. Jordan on "The Thomas Crown Affair."
Artists sue AI-generated music company
Jason Isbell, Guy Forsyth and other musicians filed a class action lawsuit against Suno, claiming the AI platform used their music to train its model without permission. Jo Ling Kent has more.
Danielle Brooks on "If I Go Will They Miss Me"
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
Technology
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Technology
Testing London's first self-driving taxis
The first self-driving taxis have launched in London. Uber has 15 vehicles operating in the city with a required supervisor in the car. CBS News' Leigh Kiniry took an autonomous ride with Wayve co-founder and CEO Alex Kendall, whose AI technology is powering the robotaxis in London's iconic Westminster.
Why NYC is banning AI in some classes
New York City Public Schools is banning the use of artificial intelligence in most classrooms for the next year. New York City Councilman Eric Dinowitz 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.
Exclusive
AI interviews rolling out for some federal government hires, sources say
The federal government will shift into using artificial intelligence in the interview process for some job applicants in the coming days, according to U.S. officials.
Hack exposes millions of ID scans on dark web
The FBI is investigating a recent hack that put more than 150 million U.S. and Canadian driver's license scans for sale online. Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency joins with more.
Science
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Science
Vote on the fattest marmot now
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA plans to launch new space telescope
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
Invasive Joro spiders are "slowly spreading." Here's what to do if you see one.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A summer of extremes: Weathering a hotter world
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Crime
More Crime
Crime
No verdict on Day 6 of Clancy deliberations
The sixth day of jury deliberations in the Lindsay Clancy murder trial ended without a verdict after several tense moments in court. CBS News' Jessica Levinson and Shanelle Kaul have the latest.
Missouri House candidate accused of conspiring to plant cocaine on opponent
Thomas Ross allegedly tried to get his campaign manager to plant cocaine and Adderall on his opponent, federal prosecutors in Missouri said.
Clancy lawyer asks for juror to be removed
Lindsay Clancy's defense on Thursday asked for a juror to be removed as deliberations continued for a sixth day. CBS News' Shanelle Kaul and Jessica Levinson have more.
New details emerge on Minneapolis shooting
New details are emerging on the shooting in Minneapolis that killed two people and left more injured. CBS News' Jonah Kaplan has the latest.
Day 6 of Lindsay Clancy deliberations continue
The jury in the Lindsay Clancy trial have broken for lunch on Day 6 of deliberations. CBS News' Shanelle Kaul has the latest.
Space
More Space
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.
NASA images show 60-foot-wide crater on moon after SpaceX rocket booster crash
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
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
No verdict on Day 6 of Clancy deliberations
The sixth day of jury deliberations in the Lindsay Clancy murder trial ended without a verdict after several tense moments in court. CBS News' Jessica Levinson and Shanelle Kaul have the latest.
Investment firm devastated by 9/11
The investment banking firm Sandler O'Neill faces the tragedy of 9/11. A third of its employees were killed in the attack on the World Trade Center.
Clancy lawyer asks for juror to be removed
Lindsay Clancy's defense on Thursday asked for a juror to be removed as deliberations continued for a sixth day. CBS News' Shanelle Kaul and Jessica Levinson have more.
Testing London's first self-driving taxis
The first self-driving taxis have launched in London. Uber has 15 vehicles operating in the city with a required supervisor in the car. CBS News' Leigh Kiniry took an autonomous ride with Wayve co-founder and CEO Alex Kendall, whose AI technology is powering the robotaxis in London's iconic Westminster.
Watch: Vance holds White House press briefing
Vice President JD Vance on Thursday held the first White House press briefing since Karoline Leavitt departed as press secretary. Following the briefing, CBS News' Aaron Navarro provided further context.