Bank of America fined $225 million for botching pandemic aid
More than 100,000 people will be compensated for the bank's faulty fraud detection program, which froze customer accounts.
Bank of America
Bank of America hikes its minimum wage to $22 per hour
Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Bank of America CEO on inflation, Fed meeting
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
Bank of America CEO calls Roe v. Wade "settled law"
Brian Moynihan said Bank of America will assemble a broad team of employees to discuss what the company can do if Roe v. Wade is struck down.
"Black Panther" director falsely detained
"Black Panther" director Ryan Coogler was trying to withdraw money by passing a note to a teller, who then mistook him for a bank robber. Atlanta police say the incident was a mistake, and Bank of America has since apologized. Mola Lenghi reports.
"Black Panther" director mistaken for bank robber, video shows
Ryan Coogler was approached by police minutes after passing a note to a teller asking her to be discreet over a money withdrawal.
Bank of America to slash overdraft fees to $10 from $35
Nation's second-largest bank also will stop charging customers when they bounce a check.
Two U.S. banks cut overdraft fees
Bank of America is reducing its $35 overdraft fee to $10 and Capital One is offering free overdraft protection as U.S. banks come under pressure from federal regulators to cut those fees.
Banks could suffer massive wave of job losses, analysts say
About 100,000 jobs could vanish over the next five years due to automation, according to Wells Fargo.
U.S. economy reaches pre-pandemic levels
The Labor Department says 400,000 Americans filed first-time unemployment claims last week, down 24,000 from the previous week. And the Commerce Department reports the nation's gross domestic product has reached pre-pandemic levels. Michelle Meyer, head U.S. economist for Bank of America Securities, joins CBSN to discuss the U.S. economic recovery.
Bank of America CEO says U.S. economy is "really set to go"
Bank of America CEO Brian Moynihan says increased consumer spending is helping the U.S. economy rebound from the pandemic.
Bank of America's minimum wage to hit $25 an hour by 2025
The bank joins Amazon, Chipotle and McDonald's on a short list of big companies that recently hiked their hourly wages.
Minority-owned banks draw billions in funding and donations
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
Bank of America joins Chase in announcing card-free technology
Bank of America joins Chase in announcing card-free technology. New ATMs will allow you to get your money with your smartphone. The move is designed to save customers' time. CNET senior editor Dan Ackerman joins “CBS This Morning” to discuss the latest way technology is changing how we use money.
Jill Wagner reports on the day's top MoneyWatch headlines
Some Apple Pay users with Bank of America accounts were accidentally double-charged for some mobile purchases. Also, Google has created a new Gmail app called Inbox, which is coming soon. Jill Wagner reports on the day's top MoneyWatch headlines.
U.S. Attorney General Eric Holder called the Justice Department's settlement with Bank of America a "historic step forward" in protecting the American public from financial fraud
U.S. Attorney General Eric Holder called the Justice Department's settlement with Bank of America a "historic step forward" in protecting the American public from financial fraud. The deal is the largest government settlement stemming from the 2008 financial meltdown.
It is a result of the bank's role in the sale of mortgage-backed securities before the 2008 financial crisis
It is a result of the bank's role in the sale of mortgage-backed securities before the 2008 financial crisis. The bank will pay about $10 billion in cash and another $7 billion to homeowners. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the details of the settlement.
Officials say Bank of America expected to pay almost $17 billion: the largest settlement arising from the 2008 financial crisis
Officials say Bank of America expected to pay almost $17 billion: the largest settlement arising from the 2008 financial crisis. Also, UPS says a computer virus was found on systems at 51 of its stores. Wendy Gillette has some of today's top MoneyWatch headlines.
"CBS This Morning" takes a look at some of the headlines from around the globe
"CBS This Morning" takes a look at some of the headlines from around the globe.
Also; Spring has sprung and so has home construction
Spring has sprung and so has home construction, expect a kill switch to come with smart phones after July 2015, and Ford is rolling out a limited editing Mustang GT to honor the car's 50th anniversary. Jill Wagner has these stories and more MoneyWatch headlines.
Keep an eye on these 4 companies and their diversity efforts
Black business leaders shared their short list of companies expected to move the needle on racial equality in 2021.
Unemployment fraud crackdown is "disaster" for some with real claims
Jobless Californians with legitimate unemployment claims are struggling to get their money.
Bank of America pledges $25M to address racial inequities
Bank of America is pledging to address racial and economic inequities by committing $25 million to assist "up-skilling and reskilling" for Black and Hispanic-Latino students. Ebony Thomas, the bank's environmental, social and governance strategy executive, joined CBSN to discuss why investing in communities of color is valuable.
Bank of America ends pandemic pay, citing "business as usual"
Financial giant, with $12 billion in profits this year, had been offering some workers an extra $400 a month.
Bad debts top $100 billion at nation's biggest banks
JPMorgan Chase expects $32 billion worth of bad loans, nearly triple what it had set aside a year ago, before Covid hit the world.
7 highlights from Trump's interview with CBS News
Here are the major takeaways from President Trump's interview with "CBS Evening News" anchor Tony Dokoupil on Iran, Renee Good, the Federal Reserve and more.
ICE agent who shot Renee Good suffered internal bleeding, officials say
Jonathan Ross, who shot Renee Good in Minneapolis last week, suffered internal bleeding after the incident, two officials said, though it's not clear how extensive the bleeding was.
U.S. reduces some personnel at airbase in Qatar as tensions rise with Iran
The Al Udeid airbase in Doha, Qatar, is the forward operating headquarters for U.S. Central Command, which oversees U.S. forces across the Middle East.
Vance, Rubio meet with Greenland and Denmark's foreign ministers
The meeting came one day after Greenland's Prime Minister Jens-Frederik Nielsen said at a news conference, "If we have to choose between the United States and Denmark here and now, we choose Denmark."
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
Despite Trump warning, Iran shopkeeper among many facing possible hanging
Iranian shopkeeper Erfan Soltani is among thousands of people who could face death sentences despite Trump's warning to Iran's rulers.
FBI searches home of Washington Post journalist for classified documents
The FBI's search is part of a probe into a federal employee suspected of mishandling classified information, Attorney General Pam Bondi said.
Verizon customers report phone service outages across U.S.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
Senate war powers vote appears at risk as Trump pressures GOP senators
At least one Republican, Sen. Josh Hawley of Missouri, plans to switch his vote.
U.S.
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Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Verizon customers report phone service outages across U.S.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
Woman detained after following ICE recalls "desperate crying" at facility
Patty O'Keefe said she and a friend were following ICE agents in Minnesota earlier this week when they were stopped, their car pepper-sprayed and their windows smashed.
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
ICE agent who shot Renee Good suffered internal bleeding, officials say
Jonathan Ross, who shot Renee Good in Minneapolis last week, suffered internal bleeding after the incident, two officials said, though it's not clear how extensive the bleeding was.
MoneyWatch
More MoneyWatch
Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Verizon customers report phone service outages across U.S.
A Verizon spokesperson confirmed to CBS News that the company is aware of "an issue impacting wireless voice and data services for some customers."
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
Chew on this: U.S. food prices are still up 19% since 2022
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
"Are You Dead," viral Chinese app, changing its name
The Chinese mobile app "Are You Dead?" which sounds an alarm if a user doesn't check in every 48 hours, says it will drop its catchy name after it drew international media attention.
Politics
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U.S. says it's moving into next phase of Gaza peace plan, warns Hamas
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
U.S. reduces some personnel at airbase in Qatar as tensions rise with Iran
The Al Udeid airbase in Doha, Qatar, is the forward operating headquarters for U.S. Central Command, which oversees U.S. forces across the Middle East.
U.S. used aircraft painted like civilian plane to attack alleged drug boat
The attack on an alleged drug-smuggling boat from Venezuela killed 11 people in September.
Senate war powers vote appears at risk as Trump pressures GOP senators
At least one Republican, Sen. Josh Hawley of Missouri, plans to switch his vote.
HealthWatch
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Wide variation found in funding for states' rural health proposals
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
ACA enrollment sinks sharply as coverage costs soar in 2026
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
Nurses strike begins in New York City as thousands walk off jobs
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
RFK Jr.'s MAHA movement has picked up steam in statehouses
"Make America Healthy Again" policies driven by HHS Secretary Robert F. Kennedy Jr. have made major strides in state legislatures, with food additives among the most common targets.
"Enough": Oprah Winfrey on her weight-loss lessons
Oprah Winfrey is one of the best-known, most-admired and successful people on the planet. But for years she seemed powerless to conquer her fluctuating weight problem … until new medications, and a new attitude about her weight, gave her a breakthrough, which she describes in "Enough," a new book she has co-written with Dr. Ania Jastreboff. They talk with Jane Pauley about an individual's genetically-influenced weight range, and how to reset it. Winfrey also relates the long road she traveled since she began her TV career in Nashville, facing sexism, racism, and comments about her weight.
World
More World
U.S. says it's moving into next phase of Gaza peace plan, warns Hamas
Steve Witkoff said the U.S. expects Hamas to immediately return the final deceased hostage as part of its obligations under the deal.
Trump told Iranians help is coming, so what might it look like?
Experts tell CBS News what sort of options President Trump has to respond to Iran's brutal crackdown on protesters.
After a bloody crackdown, Iran vows to teach protest backers a lesson
Iran's rulers want the world to know they've weathered a storm, and they're threatening a harsh "lesson" for anyone deemed to have supported protests.
U.S. reduces some personnel at airbase in Qatar as tensions rise with Iran
The Al Udeid airbase in Doha, Qatar, is the forward operating headquarters for U.S. Central Command, which oversees U.S. forces across the Middle East.
U.S. used aircraft painted like civilian plane to attack alleged drug boat
The attack on an alleged drug-smuggling boat from Venezuela killed 11 people in September.
Entertainment
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Entertainment
Stars of "Sinners" talk about movie
"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.
Ali Larter talks what's ahead in "Landman"
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.
Actor Timothy Busfield turns himself in following child sex abuse allegations
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
François Arnaud on "Heated Rivalry" series
Francois Arnaud joins "CBS Mornings" to talk about the popular series "Heated Rivalry," based on the "Game Changers" book series. It follows rising hockey stars Shane Hollander and Ilya Rozanov. What begins as a fling between two rivals turns into a yearslong journey of love, denial and self discovery. Arnaud plays Scott Hunter, a closeted gay professional hockey player in the same league who has fallen in love with a smoothie shop worker. He talks about the message in the series and how it developed into a hit show.
Scott Adams, "Dilbert" comic strip creator, dies at age 68
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Technology
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Apple, Google face pressure to remove X and Grok from their app stores
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
ChatGPT served as "suicide coach" in man's death, lawsuit alleges
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
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.
"Are You Dead," viral Chinese app, changing its name
The Chinese mobile app "Are You Dead?" which sounds an alarm if a user doesn't check in every 48 hours, says it will drop its catchy name after it drew international media attention.
Woman says AI chatbot Grok generated sexual deepfake images of her
Ashley St. Clair, the mother of one of Elon Musk's children, alleges Grok generated and published sexual deepfake images of her without permission.
Science
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Fossils found in cave shed light on where our species emerged
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
The history and mystery of kissing
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 so hot it pushed Earth past critical climate change mark
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Major climate research center on Trump administration chopping block
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."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Crime
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Crime
Au pair testifies in man's murder trial
A trial is underway in northern Virginia for a man accused of plotting his wife's murder with help from his affair partner - the family's au pair. The former au pair was the first witness called to testify against Brendan Banfield. Jericka Duncan reports on the case.
Doctors arrested after 9 newborns die at hospital in Russia
The case has provoked anger and bewilderment from Russian politicians.
Man plotted murder to "get rid of" his wife after affair, au pair testifies
Brendan Banfield is charged with murder in the 2023 killings of Christine Banfield and Joseph Ryan at the Banfields' home in northern Virginia.
Uvalde teacher's emotional testimony in trial
Tuesday marked Day 5 in the trial of former Uvalde CISD police officer Adrian Gonzales over his response to the 2022 mass shooting at Robb Elementary. CBS News reporter Karen Hua has the latest.
Kiefer Sutherland arrested over alleged altercation with LA rideshare driver
Los Angeles police said they arrested "24" actor Kiefer Sutherland after he allegedly assaulted and threatened a rideshare driver.
Space
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Space
ISS astronauts prepare for early return
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Former astronaut on ISS crew coming home early
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
Space station changes command, setting stage for Crew 11 departure
Outgoing space station commander Mike Fincke, a member of the returning Crew 11, turned the station over to cosmonaut Sergey Kud-Sverchkov, saying the combined crew had developed deep friendships.
Astronaut says early return to Earth is "right call," but "bittersweet"
Mike Fincke thanked NASA for making crew health the agency's top priority.
NASA hopes to return Crew 11 to Earth next week over medical issue
NASA officials reported Thursday that an unidentified member of Crew 11 was dealing with "a medical situation" that would require the crew to return to Earth sooner than anticipated.
Latest Galleries
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Notable Deaths in 2025
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
White House meeting on Greenland
Vice President JD Vance and Secretary of State Marco Rubio hosted foreign ministers from Greenland and Denmark on Wednesday as President Trump continues to insist on a U.S. takeover of Greenland. CBS News senior White House correspondent Weijia Jiang has more.
U.S. reduces some personnel at Qatar airbase
The U.S. is withdrawing a some personnel from a major U.S. airbase in Qatar as a "precautionary measure," a U.S. official tells CBS News. Alex Vatanka, senior fellow at the Middle East Institute, joins with his analysis of the situation, and CBS News White House reporter Olivia Rinaldi has the latest on the Trump administration's plans.
Videos of good samaritans helping strangers
CBS News' Shanelle Kaul shares some stories of good Samaritans helping others, including people who helped a deer stuck on ice and a man who rescued two toddlers crossing a highway.
More details emerge about Sept. 2 boat strike
The U.S. military used an aircraft painted like a civilian plane during its deadly Sept. 2 attack targeting a boat allegedly transporting drugs, officials say. CBS News Pentagon reporter Eleanor Watson has more.
What Trump's action in Iran might look
President Trump has threatened action against Iran as the country's regime announced potential expedited trials and hangings for detained anti-government protesters. CBS News Middle East reporter Courtney Kealy has the latest.