First Citizens Bank buying SVB's deposits and loans, FDIC says
Silicon Valley Bank failed earlier this month after a sudden run on deposits, prompting regulators to seize control and sparking global fears about the sector.
Watch CBS News
Silicon Valley Bank failed earlier this month after a sudden run on deposits, prompting regulators to seize control and sparking global fears about the sector.
Signature Bank's collapse is considered the third-largest bank failure in U.S. history.
Officials announced the takeover on Sunday, after shares of Credit Suisse plummeted last week despite a $54 billion loan from the Swiss National Bank.
Warren told "Face the Nation" that lifting the FDIC insurance cap is a "good move."
The collapse of Silicon Valley Bank is triggering new worries about worldwide financial trouble. Overseas, Credit Suisse's troubles rattled financial markets. CBS2's Dick Brennan reports.
Swiss central bank promised to back Credit Suisse, which sparked investor panic with record losses and financial reporting errors.
Caution is emerging about the health of some regional banks in the wake of the collapse of Silicon Valley Bank (SVB), with Moody's flagging several financial institutions that share some risk factors with the failed bank. CBS2's Jessica Moore reports.
Customers and investors are scrutinizing fiscal health of smaller banks that may share some similar risks to SVB.
President Biden assured the public on Monday that their money is safe. CBS2's Maurice Dubois has more on the fall of Silicon Valley Bank and New York's Signature Bank.
Bill Isaac joined CBS2's Natalie Duddridge to discuss the problems faced by Silicon Valley Bank and New York's Signature Bank.
Many customers were startups and small businesses, panicking to figure out how to pay their employees after their money seemed to vanish overnight.
President Biden addressed the nation on Monday about the government's response to the failure of Silicon Valley Bank in California and Signature Bank in New York. He said the overall banking system remains sound and taxpayers will not bear the costs. Tony Dokoupil anchored a CBS News Special Report with reporting and analysis from Weijia Jiang at the White House, Errol Barnett outside Silicon Valley Bank's headquarters in Santa Clara, California, and business analyst Jill Schlesinger.
The Signature Bank failure came on the heels of the 2nd biggest bank failure in U.S. history, Silicon Valley Bank.
Federal officials said Silicon Valley Bank and Signature Bank are not receiving taxpayer-funded bailouts.
Depositors at both banks will be able to access their money Monday, despite the banks being closed, CBS2's Elijah Westbrook reports.
Signature has offices throughout New York and Connecticut. CBS2's Lisa Rozner has more on how the feds are responding to protect deposits.
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.
All depositors will be made whole, the Federal Reserve, Treasury Department and FDIC said Sunday in a joint statement.
The bank's meltdown, sparked by a massive surge of withdrawals, has left depositors worried they may not see their money again. CBS2's Cristian Benavides has the story.
There's more fallout after tech lender Silicon Valley Bank collapsed Friday. Willie James Inman reports for CBS2.
There's more fallout after tech lender Silicon Valley Bank collapsed Friday. It failed to raise enough money to end its capital crisis, and now companies like Etsy are feeling the impact. Cristian Benavides reports for CBS2.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Who will win the 2024 presidential election between Donald Trump and Kamala Harris when results come in? See the latest updates and stream live coverage here.
On Election Day 2024, here's what is open and closed, including banks, stores, the post office and more.
CBS News will have extensive live coverage of the 2024 election results as the votes come in. Here's how to watch on TV, cable or streaming.
Jake Allen made 31 saves, helping the Devils close their road trip with a 3-0 victory over the Oilers on Monday.
Alperen Sengun had 25 points and 14 rebounds, and the Houston Rockets held on for a 109-97 win over the New York Knicks on Monday night.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
The FBI's New York division and New York law enforcement say they're prioritizing election security ahead of Election Day.
N.Y.-17 candidates Mike Lawler and Mondaire Jones discussed immigration on the final day of campaigning.
Witnesses who took cellphone video of Daniel Penny's deadly encounter with Jordan Neely on a NYC subway testified in the Marine veteran's manslaughter trial.
Here's how to find your polling location today in New York, New Jersey and Connecticut.
Here's how to find your polling location today in New York, New Jersey and Connecticut.
Here's when polls open and close today for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
A chilly start to Sunday should not affect New York City Marathon runners.
The state of Connecticut is sending all its towns and cities fire suppression devices to help safeguard ballot drop boxes.
Gov. Phil Murphy just signed a bill into law giving Ida victims 12 months of mortgage forbearance, a temporary reduction or pause in payments, and foreclosure protection, but many victims in Manville say more needs to be done.
Here's how to find your polling location today in New York, New Jersey and Connecticut.
Here's when polls open and close today for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
For the first time in decades, there are two new faces looking to get elected in New Jersey's 9th Congressional District.
The FBI's New York division and New York law enforcement say they're prioritizing election security ahead of Election Day.
N.Y.-17 candidates Mike Lawler and Mondaire Jones discussed immigration on the final day of campaigning.
New York State Police are looking into the credibility of Trooper Thomas Mascia's claim he was shot last week on Long Island.
Here's when polls open and close today for Election Day 2024 in New York, New Jersey and Connecticut.
A chilly start to Sunday should not affect New York City Marathon runners.
Who will win the 2024 presidential election between Donald Trump and Kamala Harris when results come in? See the latest updates and stream live coverage here.
CBS News will have extensive live coverage of the 2024 election results as the votes come in. Here's how to watch on TV, cable or streaming.
The FBI's New York division and New York law enforcement say they're prioritizing election security ahead of Election Day.
N.Y.-17 candidates Mike Lawler and Mondaire Jones discussed immigration on the final day of campaigning.
Without a federal law ensuring workers can take time off to vote, some states have stepped up with Election Day voting leave laws.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
Timothée Chalamet surprised the crowd at his own look-alike contest at Washington Square Park in Manhattan.
The lead singer-songwriter for the superstar band Fleetwood Mac who became a superstar solo artist talks about her latest song, "The Lighthouse," that was inspired by her own experience with abortion, and a strong desire to "do something."
Jake Allen made 31 saves, helping the Devils close their road trip with a 3-0 victory over the Oilers on Monday.
Alperen Sengun had 25 points and 14 rebounds, and the Houston Rockets held on for a 109-97 win over the New York Knicks on Monday night.
Dennis Schroder and Cam Johnson each scored 20 points, and the Nets beat the Grizzlies 106-104 on Monday night.
Gerrit Cole will remain with the New York Yankees rather than become a free agent as the sides work on a revised contract, according to reports.
The NYC Marathon forced the Detroit Pistons to take the subway to Sunday's game against the Brooklyn Nets at Barclays Center.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
In the Queens neighborhood known as Little Guyana, preparations are underway for the community's annual Diwali festival.
The Bergen Beach home on East 72nd Street and Avenue K has become a neighborhood attraction.
The landmarked library branch in Harlem underwent a $34.4 million renovation from top to bottom.
A Brooklyn-based nonprofit is working to make a positive change in the form of student graduations in the community.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
Jones died on Sunday in Los Angeles at the age of 91. He was considered a genius whose music spanned more than 70 years. CBS News New York's Kristine Johnson reports.
CBS News New York's Lonnie Quinn says our best chance for needed rain could happen on Sunday.
CBS News New York's Jennifer Bisram has the latest from Long Island on a race that could play a big role in which party controls the House of Representatives.
The candidates spent a significant amount of time in a few of the battleground states on the eve of the election. CBS News New York's Dick Brennan has the story.
Pictures from the Islip Fire Department show the fiery aftermath from over the weekend. CBS News New York's Jennifer McLogan reports.
