Credit Suisse faulted over probe of Nazi-linked accounts
Ailing Swiss bank allegedly fired the ombudsman leading an investigation into its ties to Nazi clients.
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Ailing Swiss bank allegedly fired the ombudsman leading an investigation into its ties to Nazi clients.
Collapse of Silicon Valley Bank and other lenders will reverberate "for years to come," top banking executive says.
"The bitterness, anger and shock ... is palpable," Axel Lehman said of the 167-year-old lender's shotgun sale to rival.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Stocks closed higher on Monday after coordinated action from the Federal Reserve and other leading central banks to restore confidence in the banking system. Chief economist at the Conference Board, Dana Peterson, joins CBS News's John Dickerson to discuss.
The Federal Reserve is expected to announce another interest rate hike when it meets this week amid a crisis of confidence in the banking industry. The Federal Deposit Insurance Corporation announced over the weekend that it sold a huge portion of failed Signature Bank to Flagstar Bank. Axios managing editor for business and markets and CBS News contributor Javier E. David discusses with Anne-Marie Green and Vlad Duthiers.
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.