Americans lose millions to wire transfer fraud. Could banks do more to stop it?
"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?"
"Their job is to protect our investments," said one man whose bank account was drained of $15,000. "Otherwise, what's the point of putting it with a bank?"
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
The growing trend led to a staggering $8.8 billion in losses last year, according to government data.
A small business owner lost her life's savings when scammers pretending to be Chase bank employees defrauded her out of $160,000. Chase refused to refund any of her money, saying she did not take appropriate steps to protect her account. Experts say the bank should adopt stricter security measures to protect customers. Anna Werner reports.
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Several major banks are seeing growth with the release of their first quarter earnings. The positive news comes a month after the collapse of Silicon Valley bank and Signature Bank. Jacob Sonenshine is a markets reporter at Barron's. He joins CBS News for more.
Banks say they won't have the money until Wednesday, although the IRS began sending the funds over the weekend.
Bank says chief executive is recovering after procedure to repair blood leak in his aorta.
"We don't want people to rule themselves out because they don't think they can get a job here," bank exec says
El Paso suspect said he targeted Mexicans; Auto mechanic turns life dream into reality.
How about a credit card company telling customers their debts are wiped clean? Chase bank is getting out of the credit card business so Thursday night, it said it's ripping up customers' bills and wiping their debts clean.
El Paso suspect claims he was targeting Mexicans in deadly massacre; Cleveland auto mechanic fulfills lifelong dream to become a doctor.
Banking giant agrees to pay $5 million to male employees denied additional paid time off as primary caregivers
Jamie Dimon, the CEO of the nation's largest bank, is also making a major investment in the nation's capital
Donald Trump vows to repeal the law that created the Consumer Financial Protection Bureau. Here's why that's a huge mistake
If you live in a major U.S. city, opening a checking account can get you up to $400. There are strings attached, of course
Banks like Chase, Wells Fargo and Bank of America are adding new smartphone options to get money from ATMs
Target stores offered customers a 10 percent discount in effort to temper some of the backlash caused by the massive data breach that resulted in 40 million customers having their credit card information stolen. Meanwhile, Chase Bank informed about 2 million affected customers it would temporarily limit ATM withdrawals. Terrell Brown reports.
A large storm system draped across the eastern two-thirds of the U.S. has claimed the lives of several people as severe storms and flooding affected areas from Texas up to the Midwest; and, after defecting from Cuba to the U.S., 21-year-old Josue Justiz has become the Washington Ballet's newest rising star
Amid heightened tensions with the U.S. over the humanitarian crisis in Gaza, Israel is continuing its war with Hamas in Gaza. It's also facing the Iran-backed Hezbollah to the north.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
Jerry Seinfeld, who has supported Israel since the Oct. 7 attack by Hamas militants, delivered the commencement address at Duke University on Sunday.
The blaze in northeastern British Columbia started Friday and almost doubled in size by the following day, reaching about 4,200 acres.
Victims of the devastating floods in northern Afghanistan are burying the dead and looking for the loved ones still missing.
With the hit series wrapping after seven seasons, "Sunday Morning" talks with star Iain Armitage; Jim Parsons (who created the character of Sheldon Cooper on "The Big Bang Theory"); and producers Steve Molaro and Steve Holland, about the family comedy's success.
Authorities are searching for a suspect accused of fatally shooting a 23-year-old police officer in Euclid, Ohio, on Saturday night.
The Kremlin on Sunday said Vladimir Putin has signed a decree appointing Sergei Shoigu as secretary of Russia's national security council, replacing Nikolai Patrushev.
After being stabbed in the face, neck and chest, Donna Ongsiako mustered the strength to climb up a staircase, call 911 and describe her unlikely attacker for investigators.
Jerry Seinfeld, who has supported Israel since the Oct. 7 attack by Hamas militants, delivered the commencement address at Duke University on Sunday.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
On this "Face the Nation" broadcast, Secretary of State Antony Blinken and Sen. Tom Cotton join Margaret Brennan.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
Authorities are searching for a suspect accused of fatally shooting a 23-year-old police officer in Euclid, Ohio, on Saturday night.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
The $5 meal could include a choice of a McChicken, a McDouble or four-piece chicken nuggets along with fries and a drink.
Due to bankruptcies and other problems, retailers plan to close almost 3,200 stores this year, up 24% from a year ago.
Huy Fung Foods said its peppers are "too green" to make its signature sriracha sauce, forcing it to suspend production until September.
Annual wildfires and flooding are keeping major insurance companies from covering homeowners in California and Florida.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
On this "Face the Nation" broadcast, Secretary of State Antony Blinken and Sen. Tom Cotton join Margaret Brennan.
Secretary of State Antony Blinken said the U.S. "will not support" an Israeli military operation in the southern city of Rafah without a "credible plan to protect civilians."
The following is a transcript of an interview with Sen. Chris Van Hollen, Democrat of Maryland, that aired on May 12, 2024.
The following is a transcript of an interview with Sen. Tom Cotton, Republican of Arkansas, that aired on May 12, 2024.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Some of the strains in the "FLiRT" group are closely related to the JN.1 COVID variant from last winter.
Seattle Mayor Bruce Harrell said that the facility would be supported by the Seattle Fire Department's overdose response team.
The Kremlin on Sunday said Vladimir Putin has signed a decree appointing Sergei Shoigu as secretary of Russia's national security council, replacing Nikolai Patrushev.
Thousands more civilians have fled Russia's renewed ground offensive in Ukraine's northeast that has targeted towns and villages with a barrage of artillery and mortar fire.
People from the United States and Canada to the United Kingdom, Poland, parts of China and Russia saw the northern lights this weekend.
The Cannes Film Festival rarely passes without cacophony but this year's edition may be more raucous and uneasy than any edition in recent memory.
The blaze in northeastern British Columbia started Friday and almost doubled in size by the following day, reaching about 4,200 acres.
The Cannes Film Festival rarely passes without cacophony but this year's edition may be more raucous and uneasy than any edition in recent memory.
Correspondent Faith Salie reports on fashion's biggest night, at the Metropolitan Museum of Art's Costume Institute Benefit, where designs ranged from artful flowers to artfully positioned sand.
A new movie dramatizes the life and music of the charismatic British singer whose struggles with drugs and alcohol led to her death at age 27. Director Sam Taylor-Johnson and actress Marisa Abela describe capturing a complex life on film.
A new movie dramatizes the life and music of British singer Amy Winehouse, the charismatic, multiple-Grammy-winner whose struggles with drugs and alcohol led to her death at the age of 27. Correspondent Seth Doane talks with director Sam Taylor-Johnson about capturing a complex life on film; and with actress Marisa Abela, who describes how she inhabited the role of Winehouse from the inside out.
"Sunday Morning" remembers some of the notable figures who left us this week, including "B-movie" director Roger Corman, whose production company helped launch the careers of such filmmakers as Francis Ford Coppola, Martin Scorsese and James Cameron.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
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.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
The Ascension Healthcare Network, one of the nation's leading nonprofit and Catholic health systems, says a "cyber security event" disrupted its clinical operations Wednesday. Threat intelligence company Cyble says there have been 77 ransomware attacks on the U.S. health care sector since the beginning of February. CBS News homeland security and justice reporter Nicole Sganga joins to unpack the troubling trend.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Climeworks, a Swiss pioneer in the fast-growing field of CO2 capture and storage, launches operations at a new site on a dormant volcano.
Authorities are searching for a suspect accused of fatally shooting a 23-year-old police officer in Euclid, Ohio, on Saturday night.
Nearly two decades after an intoxicated and half naked William Greer confessed to killing Tammy Myers, her daughter is determined to see her mother's killer brought to justice.
The armed suspect died during the encounter, police said.
After being stabbed in the face, neck and chest, Donna Ongsiako mustered the strength to climb up a staircase, call 911 and describe her unlikely attacker for investigators.
The shooting occurred on Friday night inside a Regal Cinemas theater in Ohio, according to police.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Pope Francis will sit down with 60 Minutes next Sunday for a wide-ranging and exceedingly rare conversation from his Vatican guest house home. Norah O'Donnell reports.
Lesley Stahl and a 60 Minutes team sheltered in a bunker during a drone attack on an Israeli border town that has increasingly come under fire from Hezbollah militants.
Israel, preparing for a possible Rafah invasion, faces increased tension with the U.S. over the Gaza humanitarian crisis. To the north, it’s also confronting Hezbollah attacks coming in from Lebanon.
A U.S. Marine veteran says he was part of a failed fake kidnapping plot designed to help North Koreans in Spain defect. He’s facing charges in Spain, where he believes he is at risk of assassination.
In 2003, Mike Wallace reported on North Korea, a country rarely visited by foreigners, where people lived in abject poverty, and disease and malnutrition were rampant.