SVB Financial, former parent of Silicon Valley Bank, files for bankruptcy
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Banking Crisis & Response
What to know about bank deposits and the FDIC Deposit Insurance Fund
The two banks suddenly collapsed last week, but the federal government quickly said that depositors would not lose their money.
Group of big banks pumps $30 billion in battered First Republic
The San Francisco regional bank's stock had plunged by a third on Thursday on concerns about its financial stability.
How Twitter helped push Silicon Valley Bank over the edge
Social media and online banking have made lenders more vulnerable to digital bank runs, experts say.
Large banks see influx of new depositors
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.
Credit Suisse to borrow nearly $54 billion in bid to calm fears
Shares of the financial giant had sunk to an all-time low, fueling further concerns about the stability of other big banks.
Yellen tells Senate panel nation's "banking system is sound"
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
Credit Suisse shares plunge, fueling fresh banking fears
Swiss central bank promised to back Credit Suisse, which sparked investor panic with record losses and financial reporting errors.
Stocks slump as Credit Suisse selloff reignites bank worries
"Credit Suisse is not just a Swiss problem but a global one," one Wall Street analyst said after the bank's shares tumbled.
How Washington came to rescue U.S. banks
After a frenetic weekend, policymakers took the audacious step of guaranteeing all deposits of the failed Silicon Valley Bank.
Is my money safe? What you need to know about bank failures.
Some bank customers are fretting over whether their cash is secure after the failure of Silicon Valley Bank. .
How to protect your money when banks fail
Worried about the FDIC's $250,000 insurance cap? Read on to learn about different ways to safeguard your cash.
Stocks climb higher on Wall Street, led by beaten down banks
Fed "stuck between a rock and a hard place" as it must now decide if the banking system can handle more interest-rate hikes.
In wake of SVB's collapse, questions arise over regional banks
Customers and investors are scrutinizing fiscal health of smaller banks that may share some similar risks to SVB.
Bank stocks rise as Wall Street panic subsides
Regional bank shares are recovering after heavy losses on Monday stemming from the collapse of Silicon Valley Bank.
Justice Department investigating Silicon Valley Bank collapse, officials say
Federal law enforcement officials on Tuesday confirmed an investigation into the bank's collapse, and the probe is said to be in its early stages.
"Classic bank run" led to historic bank failures, says ex-Trump adviser
"We had a situation where people got scared about a bank's ability to return depositors' money and depositors wanted their money out," he said.
Bank stocks dive as Wall Street trembles amid SVB failure
Trading halted at more than a dozen regional banks after prices continued to free fall.
Andie Swim founder stunned by Silicon Valley Bank collapse: "Did we lose everything?"
Andie Swim was among the bank's customers and the owner tells CBS News that she was "panicked and flustered," upon hearing the news of the bank's closing.
Who were Silicon Valley Bank customers?
From fintech firms to swimwear startups and winemakers, these companies are affected by SVB's collapse.
Silicon Valley Bank's failure sows panic. Here's what to know.
Abrupt closure of two banks sent shockwaves across the sector and raises concerns about the stability of regional lenders.
First Republic Bank shares plummet as banking fears spread
The stocks of other regional banks, including Zions, Pacific West and Western Alliance, also took a beating.
Biden seeks to reassure Americans on strength of U.S. banking system
Biden administration officials announced a series of emergency moves to reassure the public of the soundness of the financial system.
Deposits at Silicon Valley Bank to be fully guaranteed, U.S. government says
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
Regulators close New York's Signature Bank
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
U.S.
Man who fled U.S. to avoid prison for Capitol riot captured in Canada
Anthony Vo told The Toronto Sun that he was "pretty much 99% sure" that Trump will pardon him once he takes office on Jan. 20.
live updates
Listen Live: Supreme Court hears arguments over TikTok ban
The Supreme Court is hearing arguments over a law that could lead to TikTok shutting down in the U.S. in less than two weeks.
Rudy Giuliani back in D.C. federal court for contempt hearing in defamation case
Two Georgia election workers asked a federal judge to hold Rudy Giuliani in contempt for allegedly continuing to defame them in violation of a court order.
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
Trump sentenced in felony "hush money" case, released with no restrictions
Trump was found guilty in May of 34 felonies in authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Questions over attack linger as New Orleans brings in security expert
New Orleans is facing lawsuits and investigations surrounding its safety barriers as the Super Bowl and dozens of Mardi Gras parades loom.
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
U.S.
More U.S.
Man who fled U.S. to avoid prison for Capitol riot captured in Canada
Anthony Vo told The Toronto Sun that he was "pretty much 99% sure" that Trump will pardon him once he takes office on Jan. 20.
live updates
Listen Live: Supreme Court hears arguments over TikTok ban
The Supreme Court is hearing arguments over a law that could lead to TikTok shutting down in the U.S. in less than two weeks.
Rudy Giuliani back in D.C. federal court for contempt hearing in defamation case
Two Georgia election workers asked a federal judge to hold Rudy Giuliani in contempt for allegedly continuing to defame them in violation of a court order.
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
MoneyWatch
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Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Prison inmates among those fighting the Los Angeles wildfires
Hundreds of incarcerated firefighters are working to extinguish the massive blaze scorching Los Angeles.
What Californians should know about filing insurance claims after fire
For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.
Businesses offer aid to people affected by Los Angeles wildfires
Some businesses are offering free emergency shelter and other services to residents who have been displaced by the Los Angeles fires.
Politics
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Man who fled U.S. to avoid prison for Capitol riot captured in Canada
Anthony Vo told The Toronto Sun that he was "pretty much 99% sure" that Trump will pardon him once he takes office on Jan. 20.
live updates
Listen Live: Supreme Court hears arguments over TikTok ban
The Supreme Court is hearing arguments over a law that could lead to TikTok shutting down in the U.S. in less than two weeks.
Rudy Giuliani back in D.C. federal court for contempt hearing in defamation case
Two Georgia election workers asked a federal judge to hold Rudy Giuliani in contempt for allegedly continuing to defame them in violation of a court order.
Trump sentenced in felony "hush money" case, released with no restrictions
Trump was found guilty in May of 34 felonies in authorizing a scheme in 2017 to falsify records in order to cover up reimbursements for a "hush money" payment.
Appeals court won't block partial release of special counsel's Trump report
Special counsel Jack Smith submitted his final report on his investigations into President-elect Donald Trump to Attorney General Merrick Garland on Tuesday.
HealthWatch
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Many Americans are leaving U.S. states with abortion bans, study finds
Abortion bans enacted since Roe v. Wade was overturned may be driving Americans to leave restrictive states, researchers find.
Slipped up during Dry January? Expert tips for getting back on track
In Dry January, people choose to give up alcohol for the month, but what happens if they have a drink? Here's what an expert says.
Over 17,000 doctors urge Senate to reject RFK Jr. as health secretary
Thousands of doctors are calling on the Senate to reject Trump's nomination of Robert F. Kennedy Jr., saying he is "actively dangerous."
Most of the world's 35,000 online pharmacies are run illegally, U.S. warns
Ninety-six percent of online pharmacies were found to violate the law, meaning they were operating without a license and selling medications without prescriptions.
How Olivia Munn's cancer journey sparked life-saving test for Alison Hall
"Inside Edition" correspondent Alison Hall opens up about her breast cancer battle and how Olivia Munn's own experience with early detection inspired her to take a life-saving risk assessment test.
World
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Nigerian authorities round up street children seen as "security threat"
Sharia police in Nigeria's Kano state say they've "mopped up 300 of these boys from the streets" and put them in a camp for "rehabilitation."
Maduro sworn in for 3rd term despite outcry over Venezuela's election
President-elect Donald Trump says Venezuela's embattled opposition leader must be protected as President Nicolas Maduro takes the oath of office for a third six-year term.
Mercury's north pole seen in stunning new photos after spacecraft flyby
The BepiColombo spacecraft swooped as close as 183 miles above Mercury's night side before passing directly over the planet's north pole.
Founder of adult website linked to mass rape trial faces charges
The website enabled Dominique Pelicot to recruit dozens of strangers to rape his heavily sedated wife for years, authorities say.
Woman reportedly wounds 8 in hammer attack at university in Tokyo
Japanese media say a sociology student attacked her classmates with a hammer during class after voicing frustration at being ignored.
Entertainment
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Book excerpt: "Brooke Shields is Not Allowed to Get Old"
The actress and New York Times bestselling memoirist returns with a new book about the empowerment that comes from calling out society's callous and short-sighted expectations of women as they age.
Marianne Jean-Baptiste on "Hard Truths"
Award-winning actress Marianne Jean-Baptiste, known for roles in "How to Get Away with Murder" and "Without a Trace," is receiving serious Oscar buzz for her performance in "Hard Truths." Reuniting with director Mike Leigh, Jean-Baptiste portrays Pansy Deacon, a character struggling with anger and family turmoil in one of 2024's best films.
Peter Sarsgaard on "September Five"
Actor Peter Sarsgaard, known for roles in "Presumed Innocent" and "Dead Man Walking," now stars in "September Five," recounting the harrowing story of an American broadcasting team during the 1972 Munich Olympics. Sarsgaard portrays ABC executive Roone Arledge as the team covers the Israeli Olympic team hostage crisis live.
"This Is Us" star Milo Ventimiglia loses home to Los Angeles fires
Ventimiglia, a 47-year-old father to be, is among the celebrities affected by the destructive blazes that broke out Tuesday morning.
Alec Baldwin files lawsuit over manslaughter charge in fatal "Rust" shooting
The lawsuit was filed in Santa Fe, where a judge in July dismissed a charge of involuntary manslaughter against Alec Baldwin in the death of cinematographer Halyna Hutchins.
Technology
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The TikTok ban heads to the Supreme Court today. Here's what to know.
The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S.
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
Court to hear arguments Friday on law forcing TikTok sale by Chinese parent company that takes effect in Jan. 19.
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.
Fact-checkers to Mark Zuckerberg: We never censored anything
Fact-checking firms that teamed with Meta are refuting CEO Mark Zuckerberg's suggestion linking their work to censorship.
Implications of Meta's decision
Nick Thompson, CEO of "The Atlantic" and former editor-in-chief of "Wired," discusses the consequences of Meta's decision to end its fact-checking program and the rise of self-policing in a "post-information" age.
Science
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Science
Jimmy Carter's fight against climate change
The wildfires in California are the latest in a string of natural disasters made worse by climate change. Former President Jimmy Carter was one of the first U.S. officials to draw attention to man-made issues impacting the environment. Gus Speth, a member and chair of the Council on Environmental Quality during Carter's presidency, joins "The Daily Report."
What is Biden's legacy on climate change?
Officials on Wednesday afternoon briefed President Biden about the massive wildfires in Southern California fueled by climate change. Slashing Mr. Biden's climate regulations is at the top of President-elect Donald Trump's to-do list. CBS News environmental correspondent David Schecter joins "America Decides" to look at the outgoing president's record on the issue.
Biden offers aid to California to fight fires
Multiple fires are burning in the Los Angeles area, forcing thousands to flee their homes and destroying hundreds of buildings. President Biden approved a major disaster declaration Wednesday afternoon to help California boost the ranks of those battling the blazes. CBS News correspondent Elise Preston has more from Malibu.
Scientists: "Toxic" semen could kill female mosquitoes, curb disease spread
Female mosquitoes are targeted because only they bite and drink blood, thereby spreading diseases such as malaria and dengue fever.
Jimmy Carter's environmental legacy
As the U.S. Capitol prepares to honor former President Jimmy Carter, Rolling Stone climate reporter Jeff Goodell looks back on his environmental legacy.
Crime
More Crime
TV bailiff accused of murder sobs, "I live with it every day"
Renard Spivey was found not guilty of his wife's murder, but he says he still can't sleep at night.
Suspect captured week after Wisconsin woman, 2 girls found dead
Elizabeth Kolba, 33, and two girls ages 12 and 13 were found shot to death at a home in New Lisbon on Dec. 30.
Founder of adult website linked to mass rape trial faces charges
The website enabled Dominique Pelicot to recruit dozens of strangers to rape his heavily sedated wife for years, authorities say.
Woman reportedly wounds 8 in hammer attack at university in Tokyo
Japanese media say a sociology student attacked her classmates with a hammer during class after voicing frustration at being ignored.
Military doctor pleads guilty to sexually abusing dozens of soldiers
Maj. Michael Stockin faced 52 charges involving claims of abusive sexual contact with 41 victims, the Army said.
Space
More Space
Mercury's north pole seen in stunning new photos after spacecraft flyby
The BepiColombo spacecraft swooped as close as 183 miles above Mercury's night side before passing directly over the planet's north pole.
NASA studies options to rein in cost of Mars Sample Return mission
NASA hopes a revised plan will get Mars samples back to Earth faster and cost less than the agency's original plan.
Webb telescope spots record number of stars in distant galaxy
A phenomenon called gravitational lensing turned a galaxy into a "hall of mirrors of cosmic proportions," allowing for the discovery.
NASA probe beams home update after record-breaking flyby of sun
NASA said scientists began receiving more detailed telemetry — or "housekeeping data" — from the spacecraft on New Year's Day.
When and where to see the Quadrantids, 2025's first meteor shower
The first meteor shower of 2025 is about to peak. Here's how to watch and where you can see the Quadrantids.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
Latest CBS News Videos
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Latest CBS News Videos
How the Ravens' winning culture is stitched together
As the NFL playoffs begin, Jan Crawford goes to Baltimore, where a former Broadway designer is helping the Ravens build on their string of success, contributing to the team's winning culture as they head into the wildcard weekend.
Audio from inside Trump's sentencing
President-elect Donald Trump has been sentenced to unconditional discharge for his New York "hush money" trial conviction. Listen to audio from the sentencing along with analysis from CBS News legal contributor Jessica Levinson.
Maduro sworn in again as Venezuelan president
Venezuela's President Nicolas Maduro, who's been in power since 2013, has been sworn in for a third time despite outcry surrounding his election. Opposition leader Maria Corina Machado was briefly detained amid protests against Maduro. Caracol Television correspondent Manuela Guerra Fletcher joined CBS News to discuss the situation.
Milo Ventimiglia loses home in wildfires
Actor Milo Ventimiglia, best known for his roles in "This is Us" and "Gilmore Girls," spoke about losing his home in the L.A.-area wildfires as he and his pregnant wife prepare to welcome their baby soon. Ventimiglia spoke to CBS News as he returned to his home after evacuating.
Atlanta airport in ground stop due to dnow
A major snowstorm is snarling travel across the southern United States and has thrown Atlanta's Hartfield-Jackson Airport into a full ground stop. CBS News correspondent Skyler Henry has more.