Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
JPMorgan Chase
Major banks release first quarter earnings
JPMorgan Chase beat expectations in the first quarter of 2024, reporting an increase in both profits and revenues. CEO Jamie Dimon says the numbers are strong, but he warns that uncertainties like inflation and war pose potential threats for the future. CBS News contributor Javier David has more.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
JPMorgan's Jamie Dimon warns of possible worst risks to U.S. since WWII
JPMorgan Chase CEO Jamie Dimon says he worries geopolitical events and U.S. political polarization "may very well be creating risks that could eclipse anything since World War II."
Jamie Dimon on cryptocurrency industry: "I'd close it down"
If America's most prominent banker and noted Wall Street critic Elizabeth Warren agree on one thing, it's that the crypto biz is out of control.
JPMorgan reaches $290 million settlement with Jeffrey Epstein victims
The agreement stems from a November lawsuit that alleged the bank ignored red flags about Epstein in order to keep his business.
Regional bank stocks lead market decline
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.
Bank woes mount as investors bail from regional lenders
On Wall Street, a string of banking industry failures is casting a cloud over midsize lenders such as PacWest and Western Alliance
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
How markets reacted to bank seizure
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.
What the First Republic Bank takeover means
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.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
JPMorgan Chase takeover of First Republic
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.
First Republic Bank seized by regulators, then sold to JPMorgan Chase
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.
Big banks report strong earnings in Q1
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.
JPMorgan CEO Jamie Dimon says banking crisis is "not yet over"
Collapse of Silicon Valley Bank and other lenders will reverberate "for years to come," top banking executive says.
Specter of "too big to fail" still haunts the banking industry
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Epstein shared photos of young women with JPMorgan exec, lawsuit claims
Prosecutors in the Virgin Islands allege Epstein paid off underage girls by wiring them funds from a Chase bank account.
Full interview: Jamie Dimon on "Face the Nation"
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."
Face The Nation: Shargi Family, Hill, Krebs, Dimon
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 on Ukraine, China, homeownership and more
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.
12/11: Face The Nation
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.
This week on "Face the Nation with Margaret Brennan," Dec. 11, 2022
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.
Jamie Dimon warns of "mild recession"
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.
Ye and JPMorgan Chase ending their banking relationship
Rapper formerly known as Kanye West was recently blocked on Twitter and Instagram for making antisemitic comments.
Donald Trump Jr.'s transformation into Washington power broker
Donald Trump Jr. has maneuvered potentially lucrative business deals while also becoming a power player to his father.
At Sean "Diddy" Combs trial, Cassie Ventura accuses Combs of raping her in 2018
Singer Cassie Ventura accused Sean "Diddy" Combs of raping her in 2018. The accusation came during her testimony at his sex trafficking and racketeering trial in NYC.
Bondi sold at least $1 million in Trump Media shares on "Liberation Day"
Attorney General Pam Bondi's stake in Trump Media was worth somewhere between $1 million and $5.5 million at the time of the sale, which occurred on April 2, documents showed.
House GOP pushes Trump's "big, beautiful bill" forward after all-nighter
The House is pushing forward on President Trump's "one, big beautiful bill," as lawmakers weighed some of the most contentious parts of the major budget package aimed at addressing the president's defense, energy and tax priorities.
These airlines had the most and least passenger complaints in 2024
Complaints against U.S. airlines soared to a record high in 2024 as carriers struggle with flight cancellations and delays, analysis finds.
Republicans propose gutting Biden climate bill for Trump tax cuts
The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act.
California governor proposes pausing immigrant health care coverage expansion
Gov. Gavin Newsom has proposed a pause to the enrollment of more low-income immigrants without legal status for state-funded health care benefits in 2026 as California faces a steep budget deficit.
Former clerk in Alex Murdaugh murder trial arrested
Rebecca Hill, a former clerk who worked on the Alex Murdaugh murder trial, was arrested Wednesday and faces charges for crimes allegedly committed while working as a county official.
Exclusive
Senate Democrats to hold hearings on mass terminations at HHS
The widespread terminations at the Department of Health and Human Services have drawn questions about the functioning of key health programs.
U.S.
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These airlines had the most and least passenger complaints in 2024
Complaints against U.S. airlines soared to a record high in 2024 as carriers struggle with flight cancellations and delays, analysis finds.
Republicans propose gutting Biden climate bill for Trump tax cuts
The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act.
Bondi sold at least $1 million in Trump Media shares on "Liberation Day"
Attorney General Pam Bondi's stake in Trump Media was worth somewhere between $1 million and $5.5 million at the time of the sale, which occurred on April 2, documents showed.
Missouri lawmakers seek to repeal abortion-rights amendment approved by voters
Six months after Missouri voters approved an abortion-rights amendment, Republican state lawmakers seek to repeal it and instead ban most abortions with exceptions for rape and incest.
Greer Fire in eastern Arizona grows to 6,400 acres with no containment
The Greer Fire in eastern Arizona remained at zero containment as of Wednesday.
MoneyWatch
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These airlines had the most and least passenger complaints in 2024
Complaints against U.S. airlines soared to a record high in 2024 as carriers struggle with flight cancellations and delays, analysis finds.
Uber introduces new bus-like "Route Share" feature for commuters
A new Uber service will operate shuttles in select cities along set routes, offering pickups every 20 minutes.
Waymo recalls 1,200 self-driving cars prone to hitting road barriers
Faulty software caused the autonomous vehicles to crash into chains, gates and other roadway barriers, safety regulators found.
Kroger customers overcharged for items on sale, Consumer Reports finds
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
GOP bill proposes new tax cuts. Here's how it could impact your money.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
Politics
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Republicans propose gutting Biden climate bill for Trump tax cuts
The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act.
Bondi sold at least $1 million in Trump Media shares on "Liberation Day"
Attorney General Pam Bondi's stake in Trump Media was worth somewhere between $1 million and $5.5 million at the time of the sale, which occurred on April 2, documents showed.
Missouri lawmakers seek to repeal abortion-rights amendment approved by voters
Six months after Missouri voters approved an abortion-rights amendment, Republican state lawmakers seek to repeal it and instead ban most abortions with exceptions for rape and incest.
House GOP pushes Trump's "big, beautiful bill" forward after all-nighter
The House is pushing forward on President Trump's "one, big beautiful bill," as lawmakers weighed some of the most contentious parts of the major budget package aimed at addressing the president's defense, energy and tax priorities.
House Democrat backs off rogue attempt to force Trump impeachment vote
Democratic leadership opposed the impeachment effort by Rep. Shri Thanedar, calling it a distraction.
HealthWatch
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Trump wants drug price caps tied to foreign nations. Here's why Biden never did it.
President Trump is now seeking to implement the idea through an executive order.
RFK Jr. says people shouldn't take his medical advice
"My opinions about vaccines are irrelevant," Health and Human Services Secretary Robert F. Kennedy Jr. said during the House hearing.
Why are American drug costs so high?
President Trump signed an executive order Monday that will attempt to bring the down the cost of some drugs in the United States — but why are drugs so high to begin with?
Men more likely to die of "broken heart syndrome," study finds
The heart condition, formally known as Takotsubo cardiomyopathy, is associated with stressful events, such as the death of a loved one.
Overdose deaths dropped in 2024 but still above pre-pandemic levels
There were 30,000 fewer U.S. drug overdose deaths in 2024 than the year before — the largest one-year decline ever recorded.
World
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Brother of Israeli hostage still hoping for safe return
Gal and Guy Gilboa-Dalal were at the Nova music festival when Hamas launched its Oct. 7 terror attack. Gal escaped, but his brother did not.
Minnesota wildfire interactive maps show how far infernos have spread
Three massive, out of control wildfires continue to rage north of Duluth in northeastern Minnesota, as near critical fire weather conditions continue to plague the region, according to the National Weather Service.
Over 200 tons of illegal e-waste from U.S. found in Thailand
Thai officials said they seized 238 tons of illegally imported electronic waste from the United States in 10 large containers at the port of Bangkok.
Trump says Iran "cannot have a nuclear weapon" but adds he wants to "make a deal"
Energy Secretary Chris Wright told CBS News that he anticipates a deal with Iran by the end of the year, calling it a "very active dialogue in all of my travels in the Middle East."
Toddler separated from parents by U.S. deportation arrives in Venezuela
The 2-year-old girl, Maikelys Espinoza, was separated from her parents by deportation — a move that Venezuela repeatedly denounced as a kidnapping.
Entertainment
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Gene Simmons reveals moment iconic KISS song was born
KISS' Gene Simmons tells "CBS Mornings" about the road that led him to rock and roll and where the band's 1975 hit started.
Gene Simmons on family, fame
KISS legend Gene Simmons shares how his mother's strength as a single immigrant parent shaped his life and how the band created some of its biggest rock anthems.
At Sean "Diddy" Combs trial, Cassie Ventura accuses Combs of raping her in 2018
Singer Cassie Ventura accused Sean "Diddy" Combs of raping her in 2018. The accusation came during her testimony at his sex trafficking and racketeering trial in NYC.
Robert Benton, prolific filmmaker known for "Bonnie and Clyde," dies at 92
During a 40-year screen career, Robert Benton received six Oscar nominations and won three times.
Weezer bassist's wife shot by LAPD officers pleads not guilty to charges in Eagle Rock shooting
Shriner is due back in court on June 18, according to prosecutors.
Technology
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Technology
How to clean up your digital footprint
Old accounts and forgotten photos can make you a target. CBS News Confirmed's Alex Clark shares how to delete your data and stay safe as internet scams reach a record $16.6 billion in losses.
Why are Trump, Musk in Saudi Arabia?
President Trump is in Saudi Arabia where his administration is looking to boost diplomatic ties through economic investment. CBS News reporter Taurean Small has the details.
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.
Big Tech stocks rise with CEOs in Saudi Arabia
The Dow Jones dipped on Tuesday, but Big Tech stocks saw gains as CEOs joined President Trump on his trip to Saudi Arabia. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Microsoft to lay off 6,000 employees in cost-cutting move
The layoffs, impacting all levels at the company, come as the tech giant continues to post strong sales and profits.
Science
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Richard Garwin, a designer of the first hydrogen bomb, dies at 97
Garwin advised several presidents published more than 500 papers and was granted 47 U.S. patents.
Universe will die "much sooner than expected," researchers say
The universe is poised to die much faster than previously thought, according to new research by Dutch scientists.
Some U.S. cities are sinking, study finds
A new study shows the land under some of the largest cities in the U.S. is sinking. "Land subsidence" is the gradual setting or sudden sinking of the Earth's surface, according to the National Oceanic and Atmospheric Administration. Manoochehr Shirzaei, a co-author of the study, joins "The Daily Report" to discuss.
Rare New Zealand snail filmed laying egg from its neck
The strange reproductive habits of a large, carnivorous New Zealand snail were once shrouded in mystery. Now, footage of the snail laying an egg from its neck has been captured for the first time.
15 years after BP oil spill, Louisiana coast marine recovery still ongoing
In the summer of 2010, panic spread across the region when the Deepwater Horizon oil rig exploded in the Gulf.
Crime
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Crime
Prosecutors finish questioning Cassie Ventura
Prosecutors on Wednesday finished their questioning of Sean "Diddy" Combs' ex-girlfriend, R&B singer Cassie Ventura, in the hip-hop mogul's sex trafficking and racketeering trial in New York City. CBS News national correspondent Jericka Duncan, who was inside the courtroom unpacks the day's proceedings.
New Jersey teen escapes years of alleged captivity, abuse
A couple in New Jersey has been arrested after they allegedly abused and confined a child in their home since 2018.
Ex-world champion cyclist avoids jail over death of Olympian wife
Rohan Dennis was arrested after his wife, Melissa Hoskins, was struck by his vehicle in front of their home on Dec. 30, 2023.
Mich. man accused of planning mass shooting at military base for ISIS
Ammar Abdulmajid-Mohamed Said, 19, of Melvindale, Michigan, was arrested Wednesday.
Cassie Ventura at "Diddy" trial
Singer Cassie Ventura, Sean "Diddy" Combs' former girlfriend, is back on the stand after testifying at his sex trafficking trial about her relationship with the disgraced music mogul. Her graphic testimony lays out a story of violence and abuse. CBS News' Katrina Kaufman reports.
Space
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Webb telescope captures images of Jupiter's auroras in stunning detail
Jupiter's stunning auroras are hundreds of times brighter than those seen on Earth, as pictured in new images taken by the James Webb Space Telescope.
May's full flower moon appears today. Here's how and when to see it.
May's full flower moon will light up the night sky.
Soviet-era spacecraft plunges back to Earth after 53 years stuck in orbit
Kosmos 482 was launched by the then-Soviet Union in 1972 as part of a series of missions bound for Venus. But this one never made it out of orbit around Earth, stranded there by a rocket malfunction.
Soviet spacecraft plunging back to Earth
A Soviet-era spacecraft that was meant to land on Venus in 1972 is plunging back to Earth. Marlon Sorge, an executive director at The Aerospace Corporation, joins CBS News with what to expect.
Soviet spacecraft is plunging back to Earth 53 years after launch
A Soviet-era spacecraft meant to land on Venus a half century ago is expected to plunge uncontrolled back to Earth within days.
Latest Galleries
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"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
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.
"Hands Off!": Americans across country protest Trump, Musk
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
Latest CBS News Videos
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Latest CBS News Videos
U.S. toymaker on reduced China tariffs
The new U.S.-China tariff agreement went into effect on Wednesday, with some Chinese imports now facing a 30% tariff instead of 145%. Elenor Mak, founder and CEO of Jilly Bing, joins CBS News to discuss how the rollback is affecting her toy company's operations.
Report accuses Big Oil of deceptive claims
A new report from the Climate Integrity Center is highlighting what it calls deceptive messaging from Big Oil and plastic companies about "advanced recycling," which involves using heat or chemicals to break down plastics into smaller parts. Davis Allen, the report's author, joins CBS News to discuss the issues with the method and why industries continue to promote it as a long-term solution to the plastic waste crisis.
EPA to weaken some "forever chemical" limits
The Environmental Protection Agency says it plans to weaken restrictions on so-called "forever chemicals" in drinking water. Erik Olson, senior strategic director for health at the Natural Resources Defense Council, joins CBS News to discuss the dangers of PFAS.
Reporter's Notebook: Baggage claim etiquette
At the airport, "rules" offer a harmless escape from normal life. But one small lesson at baggage claim offers something deeper. "CBS Evening News" co-anchor John Dickerson explains.
Significance of Trump's meeting with Syrian leader
President Trump stopped in Qatar on his Middle East trip where he embraced a former jihadist who now leads Syria. Will Toddman, senior fellow at the Center for Strategic and International Studies, joins to discuss.