Bank of America CEO on coronavirus: "This is a war"
The head of the second-largest financial institution in the U.S. says Bank of America is treating the pandemic like a natural disaster.
Bank of America
Bank of America CEO says analysts predict economy will return "late next year"
"There's great debate about how much this will ultimately take", CEO Brian Moynihan told "Face the Nation" on Sunday.
Transcript: Brian Moynihan on "Face the Nation"
The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, April 26, 2020, on "Face the Nation."
Big banks "prioritized greed" in small business aid, lawsuits say
JPMorgan Chase small business client said he applied for loan first day it was available, but money was never approved.
Nation's 4 biggest banks project $71 billion in loan losses
Financial giants including Bank of America, Citigroup and JPMorgan Chase are bracing for massive losses.
Businesses ready for Paycheck Protection Program, but banks aren't
Three of the nation's four largest lenders initially wouldn't take loan applications, leaving borrowers in the dark.
Transcript: Brian Moynihan on "Face the Nation"
The following is a transcript of an interview with Bank of America CEO Brian Moynihan that aired Sunday, March 15, 2020, on "Face the Nation."
Bank of America hiking minimum wage to $20 an hour
It will be first major U.S. financial institution to crack $20 line, reflecting the tight labor market
Bank lending slows, heightening recession fears
Big banks reporting weaker lending even as the Federal Reserve has lowered interest rates to stoke economic growth
Bank of America hiking its minimum wage to $20 an hour
Raise comes as big bank CEOs prepare to appear before Congress to discuss the role of large financial firms
Minimum wage would be $33 today if it grew like Wall Street bonuses have
Wall Street bonuses have increased 1,000 percent since 1985, jumping from about $14,000 to a rich $153,700 per year
Shutdown's drag to worsen, economists warn
The negative impact on GDP will double for every week the impasse continues, Bank of America economists warn
Teen trapped in bank vault
A 17-year-old boy became trapped Wednesday in an abandoned Bank of America vault in Hollywood, Florida.
Teen rescued after getting trapped in abandoned bank vault
Officials eventually contacted the vault manufacturer, and employees who used to service the now-abandoned vault responded
Bank of America ATM mistakenly dispenses $100 bills instead of $10s
The cash machine in Houston was incorrectly loaded, but its lucky customers will get to keep its largesse
State won't do biz with Bank of America, Citi over gun policies
Louisiana treasurer says working with the financial giants isn't "worth giving up our rights"
Lawsuit: Bank of America neglects homes in minority areas
Fair housing groups claim foreclosed properties owned by Bank of America aren't kept up in minority areas
Wells Fargo bans credit card purchases of bitcoin
Citing "multiple risks," bank joins other big financial firms in barring cardholders from buying cryptocurrency
Key stocks slump despite tax-driven earnings boost
Corporate earnings growth overall looks very strong, thanks to tax cuts, but investors are punishing any misses
Stocks surge as China trade war fears ebb
Wall Street's major indexes posted sharp gains of around 3 percent, led by tech and financial stocks
Where you can still find free checking accounts
Many big banking chains offer them for online-only customers, but that's not your only option
3 pros who see a bull market still raring to run
Even the recent turn away from stocks posting ever-loftier records isn't shaking their faith that more highs are ahead
What scandals? Wells Fargo CEO Tim Sloan gets $4.6M raise
Despite the bank's many woes -- and massive fines -- its chief executive got a 35 percent salary increase in 2017
Bank of America's vice chairman on gender equality in financial industry
Anne Finucane, vice chairman at Bank of America, spoke about gender equality in the financial industry on Global GoalsCast
For the stock market, this could be "regime change"
The way Goldman Sachs sees it, the new rule for investors may be to "sell the rallies rather than buy the dips"
DOJ can unseal Ghislaine Maxwell sex trafficking case records, judge says
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge said.
DOJ faces call for internal probe into legal opinion on Venezuelan boat strikes
A bipartisan group of former ethics officials is asking for an internal Justice Department investigation into the legal opinion justifying strikes against alleged drug boats.
Zelenskyy says Ukraine won't give up territory, is ready to present plan to U.S.
Zelenskyy's remarks suggest he will not bend to pressure from Russian President Vladimir Putin or President Trump.
New audio of off-duty pilot trying to cut plane's engines mid-flight
Joseph Emerson pleaded guilty to a federal charge of interfering with a flight crew and pleaded no contest to state charges of endangering an aircraft and 83 counts of endangering another person.
Mace criticizes GOP leaders for "restrictive and ineffective" control of House
Rep. Nancy Mace, a South Carolina Republican, criticized House GOP leaders in an op-ed for what she called their "restrictive and ineffective" control of the chamber.
Taliban detains 4 men for dressing up as "Peaky Blinders" characters
For the Taliban religious police, four young friends' passion for Thomas Shelby's flat cap fashion was a step too far in the "spread of harmful cultures."
Grammy-nominated musician killed by driver with over 100 arrests
Roderick Macleod, 70, was walking his dogs when he was allegedly struck by a driver with dozens of prior arrests.
DNC chair points to 2025 wins as map out of wilderness for midterms
"I won't feel like we're out of the wilderness until we win in '28," DNC Chairman Ken Martin told CBS News in the first in a series of interviews with both major parties' leaders ahead of next year's midterms.
Drone drops crab legs, steak and weed into South Carolina prison
A photo from the prison showed a raw steak, crab legs and Old Bay with side plastic baggies of marijuana and a couple of cartons of cigarettes.
U.S.
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Treasury Dept. informs Erika Kirk that Turning Point USA not under investigation
A producer for "The Charlie Kirk Show" podcast said there had been false claims about the finances of Turning Point USA.
New audio of off-duty pilot trying to cut plane's engines mid-flight
Joseph Emerson pleaded guilty to a federal charge of interfering with a flight crew and pleaded no contest to state charges of endangering an aircraft and 83 counts of endangering another person.
Mace criticizes GOP leaders for "restrictive and ineffective" control of House
Rep. Nancy Mace, a South Carolina Republican, criticized House GOP leaders in an op-ed for what she called their "restrictive and ineffective" control of the chamber.
DOJ faces call for internal probe into legal opinion on Venezuelan boat strikes
A bipartisan group of former ethics officials is asking for an internal Justice Department investigation into the legal opinion justifying strikes against alleged drug boats.
Grammy-nominated musician killed by driver with over 100 arrests
Roderick Macleod, 70, was walking his dogs when he was allegedly struck by a driver with dozens of prior arrests.
MoneyWatch
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Trump says he's letting Nvidia sell advanced chips to China
President Trump says the U.S. will take a 25% cut of sales of advanced Nvidia chips to China.
More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
What to expect when the Fed announces next interest rate move this week
The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.
Trump announces $12 billion aid package for U.S. farmers
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Politics
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Treasury Dept. informs Erika Kirk that Turning Point USA not under investigation
A producer for "The Charlie Kirk Show" podcast said there had been false claims about the finances of Turning Point USA.
Mace criticizes GOP leaders for "restrictive and ineffective" control of House
Rep. Nancy Mace, a South Carolina Republican, criticized House GOP leaders in an op-ed for what she called their "restrictive and ineffective" control of the chamber.
DOJ faces call for internal probe into legal opinion on Venezuelan boat strikes
A bipartisan group of former ethics officials is asking for an internal Justice Department investigation into the legal opinion justifying strikes against alleged drug boats.
DOJ can unseal Ghislaine Maxwell sex trafficking case records, judge says
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge ruled.
DNC chair points to 2025 wins as a map out of the wilderness heading into midterms
"I won't feel like we're out of the wilderness until we win in '28," DNC Chairman Ken Martin told CBS News in the first in a series of interviews with both major parties' leaders ahead of next year's midterms.
HealthWatch
More HealthWatch
Nuts sold at Wegmans stores in 9 states recalled over salmonella risk
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Details on CDC Hepatitis B vaccine decision
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
Controversial appointee rocks FDA like "an atom bomb," scientists there say
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
California warns against foraging mushrooms after cluster of poisonings, 1 death
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Artist who fought for diagnosis turns incurable cancer journey into art
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
World
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Japan warns of possible megaquake, potential 98-foot tsunami
Officials said the megaquake advisory is not a prediction and the probability of a magnitude 8 or larger quake is only about 1%, but there's hope it will serve as a wake-up call.
Zelenskyy says Ukraine won't give up territory, is ready to present plan to U.S.
Zelenskyy's remarks suggest he will not bend to pressure from Russian President Vladimir Putin or President Trump.
Taliban detains 4 men for dressing up as "Peaky Blinders" characters
For the Taliban religious police, four young friends' passion for Thomas Shelby's flat cap fashion was a step too far in the "spread of harmful cultures."
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
National Guardsman kills 3 fellow service members in Mexico
The shooting occurred hours after a car bomb exploded in Coahuayana, Michoacan, killing five people outside a local police station.
Entertainment
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Entertainment
Lucas Bravo on new "Emily in Paris" season
Lucas Bravo, who stars as Gabriel in "Emily in Paris," talks about the new season of the show, what he loves about his character and working with Lily Collins. Plus, he discusses playing a villain role in the series, "The Seduction."
Mark Hamill, Tom Kenny on SpongeBob movie
Tom Kenny, the voice of SpongeBob, and Mark Hamill, the voice of the Flying Dutchman, speak with "CBS Mornings" about their new film, "The SpongeBob Movie: Search for SquarePants" and marking 26 years since the first episode aired.
Golden Globe nomination surprises and snubs
Hollywood's awards season is underway with Golden Globe nominations announced on Monday. "One Battle After Another" was a financial flop at the box office, but it earned the most nominations. There were also a handful of first-time nominees and some surprising snubs.
Details on Paramount bid for Warner Bros.
Paramount Skydance has announced a hostile takeover bid for Warner Bros. Discovery after Netflix reached a deal last week to buy part of the company. The Paramount Skydance offer to purchase the entire company was presented directly to Warner Bros. shareholders. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Paramount Skydance makes $108.4 billion bid for Warner Bros. Discovery
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Technology
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Technology
At least 6 families sue Character.AI
At least six American families are suing Character.AI, its co-founders and Google over the role its chatbot allegedly played in encouraging their children to take their own lives. Ian Krietzberg, AI correspondent for Puck News, joined CBS News to discuss.
Waymo fallout amid school bus safety issues
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave reports.
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.
2025 holiday gift ideas from Techno Claus
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
There's a new face in Hollywood, generated by AI
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
Science
More Science
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
CEO of genetics firm says parents have a right to choose unborn child's traits
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Sick ants invite self-sacrifice to save colony: "Come and kill me"
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
Mystery owner of ancient foot found in Africa identified, scientists say
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Crime
More Crime
Crime
Parents speak out about domestic violence
The parents of a woman who was fatally shot in a domestic violence incident spoke with CBS News senior coordinating producer Anna Schecter to raise awareness about the pervasive crime plaguing the U.S.
Funds raised after drunk raccoon is rescued
A Virginia animal shelter that rescued a raccoon that broke into a liquor store and got drunk has raised more than $150,000 with merchandise on the incident. CBS News' Errol Barnett reports.
Judge on Ghislaine Maxwell case records
A federal judge said Tuesday that the Department of Justice can unseal the Ghislaine Maxwell sex trafficking case records. CBS News' Scott MacFarlane has more details.
Audio in probe of pilot apparently on drugs
New audio has been released depicting the moments before an off-duty pilot, who was apparently on drugs, allegedly tried to turn off a jet's engines while it was in the air. CBS News' Kris Van Cleave reports.
Inside Manhattan D.A.'s ghost gun crackdown
Manhattan D.A. Alvin Bragg says "there's an attraction" to ghost guns, and he's seen a significant uptick in recent years. He explains to CBS News' Anna Schecter how he's working to create barriers to prevent them.
Space
More Space
3-man crew undocks from space station, wrapping up 8-month stay
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
"Space gum" discovered in asteroid Bennu samples, NASA reveals
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Air Force approves SpaceX launch pad expansion
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Geomagnetic storm watch issued after powerful solar flare
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Scientists think they've detected lightning on Mars: "Missing piece of the puzzle"
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
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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.
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.
Robert Redford 1936-2025
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Parents speak out about domestic violence
The parents of a woman who was fatally shot in a domestic violence incident spoke with CBS News senior coordinating producer Anna Schecter to raise awareness about the pervasive crime plaguing the U.S.
Funds raised after drunk raccoon is rescued
A Virginia animal shelter that rescued a raccoon that broke into a liquor store and got drunk has raised more than $150,000 with merchandise on the incident. CBS News' Errol Barnett reports.
Trump heads to Pennsylvania to tout economy
President Trump is set to deliver remarks on Tuesday in Pennsylvania, where he is expected to tout his economic agenda ahead of the 2026 midterm election. CBS News' Weijia Jiang has the latest.
Senate to vote on ACA subsidies extension
The Senate is set to vote Thursday on a plan to extend Affordable Care Act subsidies as multiple Republican-led proposals also take shape. CBS News' Taurean Small has more from Capitol Hill.
Judge on Ghislaine Maxwell case records
A federal judge said Tuesday that the Department of Justice can unseal the Ghislaine Maxwell sex trafficking case records. CBS News' Scott MacFarlane has more details.