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.
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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.
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.
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.
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.
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.
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.
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.
JPMorgan Chase, the nation's largest bank, announced plans this week to open 70 new branches and hire 700 new employees in the Washington D.C., Virginia and Maryland area. It's part of a five-year, $20 billion investment supporting economic growth in the region. "Red & Blue" has more of "CBS Evening News" anchor Jeff Glor's conversation with JPMorgan Chase chairman and CEO Jamie Dimon about the expansion, President Trump -- and Dimon's possible future in politics.
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.
President Trump aiming for unity in State of the Union address; New health care company could shake up the industry.
"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.
Amazon, Berkshire Hathaway and JPMorgan Chase announced plans to create a new health care company aimed at tackling rising insurance costs. CBS News business analyst Jill Schlesinger explains how it could impact the economy.
Three of America's best-known companies are joining forces to tackle rising health care costs.
Republican lawmakers are expected to unveil a tax reform plan, but many of the details are still under wraps. On Tuesday JPMorgan Chase CEO Jamie Dimon and IBM CEO Ginni Rometty sat down with "CBS This Morning" co-host Norah O'Donnell to talk tax reform, accelerating economic growth and solving DACA. Dimon also explains his comment earlier this year that being an American is "almost an embarrassment."
JP Morgan Chase CEO Jamie Dimon lashed out against U.S. policies and gridlock during a conference call, saying it's "almost an embarrassment being an American citizen." CBSN's Dana Jacobson has more details.
President Trump was safely evacuated from the White House Correspondents' Dinner after shots were fired outside the ballroom of the Washington Hilton.
President Trump was evacuated from the White House Correspondents' Dinner after shots rang out at the hotel where the event was taking place.
U.S. envoys Steve Witkoff and Jared Kushner were expected to head to Islamabad Saturday, but President Trump said later that his "representatives" would not be going.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
A 26-year-old man is facing two counts of first-degree murder in the deaths of Zamil Limon and Nahida Bristy, according to authorities.
Two Chicago police officers were shot inside Swedish Hospital in Chicago's Lincoln Square neighborhood on Saturday morning. One has since died.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
Police in Northern Ireland declared a security alert in the town of Dunmurry, on the outskirts of Belfast, after reports that a car bomb exploded near a police station.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
After more than 40 years and three wrongful convictions, authorities says they have the man responsible for the 1984 Long Island killing of 16-year-old Theresa Fusco, who vanished after leaving her job at a local roller rink.
President Trump was safely evacuated from the White House Correspondents' Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
President Trump was evacuated from the White House Correspondents' Dinner after shots rang out at the hotel where the event was taking place.
President Trump was safely evacuated from the White House Correspondents' Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
DHS has faced opposition from cities and states where the federal government plans to open mass detention facilities.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Police in Northern Ireland declared a security alert in the town of Dunmurry, on the outskirts of Belfast, after reports that a car bomb exploded near a police station.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
President Trump cited wasted time and confusion over leadership, adding, "we have all the cards."
Britain's King Charles will be visiting the U.S. starting on Monday to mark America's 250th anniversary – his first trip since his coronation nearly three years ago.
Mali has been plagued by insurgencies fought by affiliates of al Qaeda and the Islamic State group.
Frankie Grande sits down with "CBS Saturday Morning" to discuss his starring role in Broadway's latest hit show "Titaníque," after originating the part in the show's Off-Broadway run.
Darla Moore is a billionaire from Lake City, South Carolina, who saw an opportunity to revitalize her small hometown with ArtFields, a festival that transforms the town into a hub for Southern art and history.
Tony-nominated Broadway actor Derek Klena sits down with "CBS Saturday Morning" to discuss his latest venture as a performer and player for the Savannah Bananas baseball team.
Grammy-nominated folk duo The Milk Carton Kids are out with their 7th studio album, "Lost Cause Lover Fool." Here they are performing "A Friend Like You."
Grammy-nominated folk duo The Milk Carton Kids are out with their 7th studio album, "Lost Cause Lover Fool." Here they are performing "A Friend Like You."
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
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.
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
Some young people are opting to go phone-free to live in the moment. USA Today youth mental health reporter Rachel Hale went to an underground, phone-free party in New York City and wrote about her experience. She tells "The Daily Report" about it.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
President Trump took questions Saturday night after a shooting broke out at the White House Correspondents' Association Dinner. A 31-year-old suspect is in custody. CBS News' Carissa Lawson and Tony Dokoupil anchored this special report.
The White House Correspondents' Dinner, with President Trump in attendance, ended in a shooting on Saturday. Officials identified the suspect as 31-year-old Cole Allen of Torrance, California. CBS News' Nancy Cordes and Sam Vinograd have more.
CBS News' Ed O'Keefe speaks with Weijia Jiang, the president of the White House Correspondents' Association, about her experience during Saturday night's shooting.
U.S. Attorney for the District of Columbia Jeanine Pirro announced charges for the suspect in the White House Correspondents' Dinner shooting on Saturday.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Nearly 41 years after a New York teenager is killed, an unexpected breakthrough in the case. "48 Hours" correspondent Erin Moriarty reports.
President Trump took questions Saturday night after a shooting broke out at the White House Correspondents' Association Dinner. A 31-year-old suspect is in custody. CBS News' Carissa Lawson and Tony Dokoupil anchored this special report.
The White House Correspondents' Dinner, with President Trump in attendance, ended in a shooting on Saturday. Officials identified the suspect as 31-year-old Cole Allen of Torrance, California. CBS News' Nancy Cordes and Sam Vinograd have more.
CBS News' Ed O'Keefe speaks with Weijia Jiang, the president of the White House Correspondents' Association, about her experience during Saturday night's shooting.
U.S. Attorney for the District of Columbia Jeanine Pirro announced charges for the suspect in the White House Correspondents' Dinner shooting on Saturday.