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The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
On Wall Street, a string of banking industry failures is casting a cloud over midsize lenders such as PacWest and Western Alliance
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
California regulators have seized control of struggling First Republic Bank. The FDIC accepted a bid from JPMorgan Chase to assume First Republic's deposits and virtually all of its assets. Javier David, CBS News contributor and managing editor for business and markets at Axios, joined Anne-Marie Green and Vladimir Duthiers to discuss this latest major bank failure.
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.
Collapse of Silicon Valley Bank and other lenders will reverberate "for years to come," top banking executive says.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Prosecutors in the Virgin Islands allege Epstein paid off underage girls by wiring them funds from a Chase bank account.
Watch the full version of an interview with JPMorgan Chase CEO Jamie Dimon that aired on Dec. 11, 2022, on "Face the Nation with Margaret Brennan."
Missed the second half of the show? The latest on the Family of Emad Shargi urging Biden to do more to secure release from Iran; Fiona Hill and Chris Krebs on the Griner-Bout prisoner exchange; and Jamie Dimon opens a community branch in west Baltimore.
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
This week on "Face the Nation with Margaret Brennan," President Biden reaches a deal with Vladimir Putin to free an American, but where does this high-stakes diplomacy lead? We'll speak to Democratic Rep. Adam Schiff of California and the family of another American held in Iran. Plus, JPMorgan Chase CEO Jamie Dimon, Fiona Hill and Chris Krebs join us.
J.P. Morgan Chase & Co. CEO Jamie Dimon, House Intelligence Committee Chairman Rep. Adam Schiff, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.
JPMorgan Chase CEO Jamie Dimon spoke with "Face the Nation" moderator Margaret Brennan about the state of the economy and how geopolitical issues could play a role. He warned of a mild recession in 2023. Brennan joins CBS News' John Dickerson on "Prime Time" with more on the interview.
Rapper formerly known as Kanye West was recently blocked on Twitter and Instagram for making antisemitic comments.
Brian Sozzi, editor-at-large and anchor for Yahoo Finance Live, joined CBS News' Tanya Rivero and Nikki Battiste to discuss the latest on the stock market and other financial news.
It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.
High inflation and Russia's Ukraine war may "dramatically increase the risks ahead," Dimon wrote in his annual shareholder letter.
"It's never right to joke about or denigrate any group of people," JPMorgan Chase CEO said in a statement.
Dimon and the CEOs of five of the nation's biggest banks testified before the Senate Banking Committee.
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Negotiations over how America pays its bills have devolved into partisan brinkmanship, which one business school professor calls "an entirely avoidable disaster" that we will pay more for in the future.
The U.S. Army is stripping the names of Confederate generals from bases like Fort Pickett in Virginia, to be replaced with those of American heroes and heroines, including people of color. "Commemoration is about our values," says one retired general.
Ken Paxton will be immediately suspended pending a Senate trial.
A slickly produced video showed troops preparing for battle with American-made armored vehicles, artillery and rocket launchers.
The PAC has been gathering online contributions with the purpose of funneling it to the official campaign.
This month marks 75 years since the legendary newsman was murdered while covering a civil war in Greece. CBS News' Steven Portnoy reflects on journalists who are targeted for seeking to expose the truth.
Nearly 60 years ago, reporter Bill Mercer broke the news to Lee Harvey Oswald on camera that he had been charged with murdering President John F. Kennedy.
However, State Farm will continue to offer personal auto insurance policies in California, the company said.
The U.S. Army is stripping the names of Confederate generals from bases like Fort Pickett in Virginia, to be replaced with those of American heroes and heroines, including people of color. "Commemoration is about our values," says one retired general.
Negotiations over how America pays its bills have devolved into partisan brinkmanship, which one business school professor calls "an entirely avoidable disaster" that we will pay more for in the future.
Gabby Petito, 22, died at the hands of her fiancé, Brian Laundrie. Now, her parents are asking if her murder could have been prevented, and hope others can be saved by learning her story.
However, State Farm will continue to offer personal auto insurance policies in California, the company said.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
From Ford's Edsel to bottled water with flavoring for pets, notorious corporate and marketing missteps are featured in a traveling exhibition, "The Museum of Failure," now on display in Brooklyn.
Investments in solar recently overtook oil for the first time, but the world still needs scale back fossil fuels to meet climate goals, energy group says.
Almost 1 in 5 workers are now foreign-born, reversing a pandemic decline when immigration slowed.
Time is running short for House Republicans and the White House to reach an agreement on the debt ceiling to avoid default.
Flights to some parts of the globe are expected to be pricey, but there are still relative bargains to be found.
Negotiations over how America pays its bills have devolved into partisan brinkmanship, which one business school professor calls "an entirely avoidable disaster" that we will pay more for in the future.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Ken Paxton will be immediately suspended pending a Senate trial.
President Biden and House Speaker Kevin McCarthy spoke by phone Saturday evening CBS News learned, but a deal has not yet been reached.
The PAC has been gathering online contributions with the purpose of funneling it to the official campaign.
This is the first time fewer than 9,000 new weekly admissions were reported.
You probably clean your shoes if you step in something muddy or disgusting. But when you get home, do you always de-shoe at the door?
Musk said the company would try to use the implants to restore vision and mobility in humans who had lost such abilities.
Paxlovid, Pfizer's COVID-19 treatment pills, could go to the private market by late summer.
A new study funded by the National Institutes of Health brings more understanding to the symptoms of long COVID, with the aim of helping lead to much-needed treatment options.
This month marks 75 years since the legendary newsman was murdered while covering a civil war in Greece. CBS News' Steven Portnoy reflects on journalists who are targeted for seeking to expose the truth.
A slickly produced video showed troops preparing for battle with American-made armored vehicles, artillery and rocket launchers.
Kissinger has been at the forefront of U.S. diplomacy for longer than most Americans have been alive.
Egyptian antiquities authorities have unveiled ancient workshops and tombs they say were discovered recently at a Pharaonic necropolis just outside the capital Cairo.
Officials fear a repeat of a deadly outbreak from Mexico that killed nearly half of meningitis patients.
For the 71-year-old Tony-winner, now appearing in "Hadestown," it all began as a child in Brooklyn, N.Y., when relatives encouraged her to dance and sing on her grandmother's dining room table.
For Broadway veteran Lillias White, it all began as a child in Brooklyn, N.Y., when relatives encouraged her to dance and sing on her grandmother's dining room table. The 71-year-old actress, who won a Tony Award for "The Life," is now starring in the Broadway musical "Hadestown." She talks with correspondent Mo Rocca about her role models growing up; her relationship with the audience; and setting the standard for singing standards.
At 75, an age when most people are retired, Arnold Schwarzenegger is still an action hero, battling bad guys on screen and addressing climate pollution in real life.
At 75, an age when most people are retired, Arnold Schwarzenegger is still an action hero, battling bad guys on screen and advocating for a cleaner climate in real life. Correspondent Tracy Smith talks with the actor about his first TV series, "FUBAR," on Netflix; and joins Schwarzenegger in Austria, his home country, site of a global summit that he helped launch to address climate pollution.
Tina Turner died on Wednesday, May 23, 2023, at the age of 83. Music journalist and "Sunday Morning" contributor Bill Flanagan talks about the rock legend – a superstar performer and feminist icon who never did anything "nice and easy."
The hacking operation code-named "Volt Typhoon" that targeted critical infrastructure in Guam and other locations in the United States is of "real concern," Microsoft president and vice chair Brad Smith tells "Face the Nation." Watch more of Margaret Brennan's interview with Smith Sunday on "Face the Nation."
Musk said the company would try to use the implants to restore vision and mobility in humans who had lost such abilities.
As part of "CBS Mornings'" "American Innovation" series, Mark Strassmann reports on space quickly becoming the next economic frontier, if you can stick the landing.
Nearly 20 years ago, the movie "I, Robot" warned of an impending robot revolution powered by artificial intelligence that views humanity as "scum." Now, what was once science fiction has become a paramount concern for tech executives and futurists. Mo Gawdat, former chief business officer for Google's secretive research and development lab "X," joins CBS News to discuss the future of AI.
U.S. Surgeon General Vivek Murthy has issued a new advisory about the effects of social media on young people's mental health. Dr. Murthy joins CBS News to discuss his report and what families can do to help ensure children safely use social media.
Science tells us there's a connection between hurricanes and climate change. But how strong is it? And what can we expect for the future?
Some scientists believe America's breadbasket could soon be at risk of potentially emptying, and they're warning a relentless drought is harming the nation's wheat crops. Science journalist Jenny Morber, who reports on climate resiliency and food, joined CBS News to discuss how researchers are trying to solve the problem.
The Supreme Court has again weakened the power of the Environmental Protection Agency. This time it involves wetlands. Jess Bravin, Supreme Court correspondent for the Wall Street Journal, joins CBS News to break down the court's latest ruling and its implications for the environment.
PM Giorgia Meloni's far-right government tried and failed to block EU plans to ban all new fossil fuel-powered cars by 2035, but it's not giving up the fight entirely.
Three of the seven Colorado River states - California, Arizona and Nevada - have agreed to cut their water usage by 3 million acre-feet by 2026. Some 40 million people and more than two dozen Native American tribes depend on the Colorado River. CBS News senior national and environmental correspondent Ben Tracy breaks down the details of the historic deal.
Gabby Petito, 22, died at the hands of her fiancé, Brian Laundrie. Now, her parents are asking if her murder could have been prevented, and hope others can be saved by learning her story.
Ken Paxton, the embattled attorney general of Texas, was decisively impeached Saturday by the state House. The 20 articles of impeachment against Paxton included accusations of bribery, obstruction of justice and abuse of the public trust.
Randy Lankford, owner of Lankford Funeral Home and Family Center in Jeffersonville, faces a proposed sentence of 12 years.
Heather Pressdee, 40, told investigators she allegedly administered insulin to the patients as "she had hoped they would slip into a coma and just pass away."
Estrella Carrera was found dead in the bathtub of her home, still wearing the dress she wore to her wedding reception, authorities said.
The first crewed flight of Virgin's spaceplane in two years sets the stage for customers to begin flights to the edge of space in June.
In an interview with CBS News, Peggy Whitson discusses her commercial visit to the International Space Station.
The Ax-2 private astronaut mission, two cargo launches and multiple spacewalks highlight a busy early summer aboard space station.
A camera team was able to identify what NASA called "an unusual surface change" near where the lander was supposed to end up.
The incredible photos show sunspots and quiet areas on the sun's topmost layer.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Vero Beach Police investigators focused on cellphone tower pings and surveillance footage cameras to catch a man who murdered his former girlfriend.
Lamar Johnson was convicted of Markus Boyd's murder in 1995. He always insisted he was innocent, but it would take almost three decades for a court to agree.
For Broadway veteran Lillias White, it all began as a child in Brooklyn, N.Y., when relatives encouraged her to dance and sing on her grandmother's dining room table. The 71-year-old actress, who won a Tony Award for "The Life," is now starring in the Broadway musical "Hadestown." She talks with correspondent Mo Rocca about her role models growing up; her relationship with the audience; and setting the standard for singing standards.
At 75, an age when most people are retired, Arnold Schwarzenegger is still an action hero, battling bad guys on screen and advocating for a cleaner climate in real life. Correspondent Tracy Smith talks with the actor about his first TV series, "FUBAR," on Netflix; and joins Schwarzenegger in Austria, his home country, site of a global summit that he helped launch to address climate pollution.
Tina Turner died on Wednesday, May 23, 2023, at the age of 83. Music journalist and "Sunday Morning" contributor Bill Flanagan talks about the rock legend – a superstar performer and feminist icon who never did anything "nice and easy."
Before attending Harvard Law School, Rehan Staton worked in sanitation, refurbishing dumpsters. So, he was that rare student who recognized and thanked custodians and cafeteria staff at the school. Correspondent Steve Hartman reports on a nonprofit, the Reciprocity Effect, that Staton founded to help celebrate support staff for their efforts.
"Sunday Morning" remembers some of the notable figures who left us recently, including jazz musician and composer Bill Lee, who scored several early films by his son, director Spike Lee.