Bank of America may introduce credit card with 10% APR
Facing pressure from President Trump, credit card issuers are exploring ways to ease borrowing costs.
Bank of America
Full interview: Brian Moynihan
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.
Bank of America sued over alleged financial ties to Jeffrey Epstein
A new lawsuit alleges Bank of America profited from its dealings with convicted sex offender Jeffrey Epstein.
ATM fees are at a record high, study finds. Here's why.
ATM fees for out-of-network cash withdrawals average $4.86 nationwide — the highest on record, according to aBankrate survey.
Americans' confidence in finding a new job is crumbling
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
Trump claims banks discriminate against conservatives through debanking
President Trump said two major banks turned down his business. Here's why conservatives are concerned with so-called debanking.
Bank of America report on consumer spending
A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of President Trump's tariff policies going into effect. David Tinsley, senior economist at the Bank of America Institute, joined CBS News to discuss the report.
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.
Bank of America customers report outage, with some seeing $0 balances
Bank of America customers are reporting problems accessing their online accounts, according to DownDetector.
Bank of America raises U.S. minimum wage to $24 an hour
Bank of America is hiking its base pay starting next month and plans to further lift the company's minimum wage in 2025.
Are banks open on Veterans Day? Is the post office closed?
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Some bank customers still can't get their paychecks after deposit glitch
Customers with several big U.S. banks expressed frustration after their paychecks didn't show up in their accounts.
Brink's truck driver shot outside South Philadelphia bank
A Brink's truck driver was shot outside a Bank of America in South Philadelphia Thursday, police said.
Bank of America double charged customers
Bank of America was ordered to pay millions of dollars after regulators learned it had opened fake accounts, double charged customers and withheld credit card rewards.
Bank of America created sham customer accounts, regulators say
Wall Street bank will pay $250 million for opening fake accounts without customers' knowledge and hitting them with junk fees.
6/4: Face The Nation
This week on "Face the Nation," West Virginia's Democratic Sen. Joe Manchin and Louisiana Republican Garret Graves discuss what's next for the country after averting a debt crisis, plus Bank of America CEO Brian Moynihan on how brinkmanship impacts an ever-changing economy.
"Not good" to fight over debt limit
Bank of America CEO Brian Moynihan joined “Face the Nation” to discuss the economy after the nation averted a debt crisis.
Stock market steady after earnings reports
EMG Advisors CEO and lead portfolio manager Will McDonough spoke with CBS News' Lana Zak and Lilia Luciano about how investors are reacting to earnings reports from Goldman Sachs and some other major companies.
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.
Top economist shares outlook for 2023
The U.S. saw solid gains in the labor market in December, but concerns about a possible recession still linger. Bank of America's chief economist Michael Gapen joins CBS News' Catherine Herridge with his economic forecast for 2023.
Bank of America economist: 2023 could be "difficult"
Michael Gapen, chief economist at Bank of America, says the U.S. "may be able to avoid" a recession in 2023, but it "could be a difficult year."
Bank of America CEO sees mild recession in 2023
Bank of America CEO Brian Moynihan says he expects a "shallow recession" over the next year.
Bank aims to address racial homeownership gap
Bank of America is offering zero-down-payment and zero-closing-cost mortgages in a push to address racial disparities in homeownership. CBS News' Tanya Rivero and Errol Barnett speak with Jun Zhu, non-resident fellow of housing finance policy at the Urban Institute, about how effective this program could be.
Americans think economy headed for recession
New polling reveals 81% of adult Americans think the economy will likely experience a recession this year. David Tinsley, a senior economist at the new Bank of America Institute, joins CBS News' Tanya Rivero and Meg Oliver to discuss the state of the economy.
High gas prices take toll on other spending
National average gas prices reached a new record high on Memorial Day at over $4.61 per gallon. In order to budget for higher prices at the pump, many Americans are cutting back on other spending. Bank of America Institute's senior economist David Tinsley explains the relationship between gas prices and consumer spending and which groups are making the biggest cutbacks.
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
Trump says he'll end the war soon, when he wants to, as Iran hits 3 ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Epstein's longtime accountant tells Congress he didn't know about abuse
Richard Kahn was one of Epstein's closest associates in his final years, managing his finances and investments.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
Democratic Sen. John Fetterman says war with Iran has been "effective"
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
U.S.
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NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Fetterman calls Trump's criticism of mail-in voting "ridiculous"
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Officials downplay risk of Iranian drone attacks off California after FBI memo
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
MoneyWatch
More MoneyWatch
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Politics
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Fetterman calls Trump's criticism of mail-in voting "ridiculous"
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Officials downplay risk of Iranian drone attacks off California after FBI memo
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
Democratic Sen. John Fetterman says war with Iran has been "effective"
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
HealthWatch
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"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
World
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3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
550-pound WWII bomb defused after thousands evacuated
The discovery caused officials to evacuate 18,000 people on Wednesday, the largest such operation ever in the city, emergency services said.
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
President Trump says he'll end the war soon, when he wants to, as Iran hits three ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
Entertainment
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Entertainment
"Sinners" cinematographer on crafting scenes
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.
Flavor Flav celebrates women athletes
Pop culture icon Flava Flav stopped by "CBS Mornings" to discuss his plans to celebrate women Olympic and Paralympic medalists from the 2026 Winter Games.
Kurt Russell talks drama series "The Madison"
Kurt Russell, who stars in "The Madison," spoke to "CBS Mornings" about the series, explaining the script "was so familiar" and that he related to it. Russell praised creator Taylor Sheridan, who was also behind the popular series "Yellowstone," and discussed what it was like to work with Michelle Pfeiffer again decades later.
Oscars 2026: Behind the scenes with the best actor nominees
Watch scenes from the performances nominated for best actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Dorrance on preserving tap dancing history
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
Technology
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Technology
Memory chip shortage could raise tech prices
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
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.
How Hollywood is grappling with AI
AI-generated artist Tilly Norwood and the company behind her released a new music video speaking directly to her critics. As AI evolves, Hollywood faces questions over legal protections, copyright infringement and human labor. Jo Ling Kent reports.
Details on Pentagon removal of Claude
CBS News exclusively obtained a Pentagon memo from earlier this month that went out to several senior defense leaders and commanders. It ordered the removal of Anthropic's AI technology from key national systems. Jo Ling Kent reports.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Officials downplay risk of attacks off West Coast
Officials are downplaying the risk of Iranian drone attacks against California after an FBI memo said the regime "allegedly aspired" to target the Golden State. CBS News homeland security correspondent Nicole Sganga reports. Then, former FBI Special Agent Jeff Harp joins with analysis.
NYPD officers on response to terror incident
A picture of an NYPD chief responding to the terror incident outside Mayor Zohran Mamdani's residence last week has gone viral. CBS News' Anna Schecter has more about what happened that day.
New details in Georgia teacher's death
The family of a Georgia student charged in what investigators describe as a prank gone horribly wrong says they are grieving the tremendous loss to the community. CBS News correspondent Elaine Quijano has the latest.
Man crashes car into barrier near White House
Police in Washington, D.C., arrested a man after he crashed a car into a barricade near the White House on Wednesday morning. CBS News homeland security correspondent Nicole Sganga reports.
Space
More Space
Space
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Fetterman opens up about depression battle
Sen. John Fetterman of Pennsylvania opened up about his battle with depression and credited his three children for saving him from his suicidal thoughts. "What broke me out of it was my own kids, and everyone needs that kind of an emergency brake," Fetterman told Major Garrett on "The Takeout."
What we know about FBI memo on drone risk
An FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" is raising concerns, but how serious is the threat? Nicole Sganga explains.
3/11: The Takeout with Major Garrett
Trump says there's "practically nothing left" to target on Day 12 of war in Iran; legislative blockade threatened over SAVE Act.
Lost dog returned to family two years later
Two years after a Dallas family's dog disappeared, she was found 1,300 miles away in New Jersey. Tony Dokoupil has the story of how made her way back home.
Hero NYPD cops on chasing down bomb suspect
Chief Aaron Edwards and Sgt. Luis Navarro of the NYPD are being hailed as heroes for the response to an attempted bomb attack during protests outside the New York City mayor's residence. Jericka Duncan talked with the officers about what was going through their minds as they sprang into action.