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
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.
"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.
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.
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.
Bank of America fined $225 million for botching pandemic aid
More than 100,000 people will be compensated for the bank's faulty fraud detection program, which froze customer accounts.
Report predicts "mild recession" in U.S.
A report from Bank of America says the U.S. will have a "mild recession" in the second half of 2022, fueled by inflation and heightened energy costs. Michael Gapen, head of U.S. Economics for Bank of America, joins "CBS News Mornings" to explain the report's findings and what a potential recession means for Americans.
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.
Bank of America hikes its minimum wage to $22 per hour
Nation's second-largest bank has said it plans to boost the company's baseline hourly pay to $25 by 2025.
Bank of America CEO calls Roe v. Wade "settled law"
Brian Moynihan said Bank of America will assemble a broad team of employees to discuss what the company can do if Roe v. Wade is struck down.
Bank of America CEO on inflation, Fed meeting
Bank of America CEO and Chairman Brian Moynihan joins "CBS Mornings" to discuss possible Federal Reserve steps to reduce inflation and whether he thinks America is headed for a recession.
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.
"Black Panther" director mistaken for bank robber, video shows
Ryan Coogler was approached by police minutes after passing a note to a teller asking her to be discreet over a money withdrawal.
"Black Panther" director falsely detained
"Black Panther" director Ryan Coogler was trying to withdraw money by passing a note to a teller, who then mistook him for a bank robber. Atlanta police say the incident was a mistake, and Bank of America has since apologized. Mola Lenghi reports.
Breaking
Gaetz ethics report says his drug use, sex with a minor violated state laws
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Biden commutes sentences of 37 of 40 federal death row inmates
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
Luigi Mangione pleads not guilty to state murder, terrorism charges
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
6 key takeaways from the Matt Gaetz ethics report
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
Greenland's leader says "we are not for sale" after Trump suggests U.S. takeover
President-elect Donald Trump also seemed to suggest the Panama Canal should belong to the United States.
Honda and Nissan announce plans to merge
Honda and Nissan have announced plans to merge, forming world's third-largest automaker by sales as the industry transitions away from fossil fuels.
Woman fatally set on fire while sleeping on NYC subway, police say
A woman died after she was set on fire aboard the New York City subway on an F train in Brooklyn, police say.
Starbucks strike expands to more cities just days before Christmas
Starbucks baristas and Amazon delivery drivers are on strike in handful of U.S. cities as they seek wage increases.
Who are the three federal death row inmates whose sentences Biden did not commute
President Biden left in place the capital sentences of Robert Bowers, Dzhokar Tsarnaev and Dylann Roof.
U.S.
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Starbucks strike expands to more cities just days before Christmas
Starbucks baristas and Amazon delivery drivers are on strike in handful of U.S. cities as they seek wage increases.
Nordstrom to go private in $6.25 billion deal with Nordstrom family
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal.
Who are the three federal death row inmates whose sentences Biden did not commute
President Biden left in place the capital sentences of Robert Bowers, Dzhokar Tsarnaev and Dylann Roof.
Read the full Matt Gaetz ethics report
The House Ethics Committee has released its long-awaited report on allegations of misconduct by former Rep. Matt Gaetz. Read the full report here.
Walmart accused of illegally opening costly accounts for drivers
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
MoneyWatch
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Starbucks strike expands to more cities just days before Christmas
Starbucks baristas and Amazon delivery drivers are on strike in handful of U.S. cities as they seek wage increases.
Nordstrom to go private in $6.25 billion deal with Nordstrom family
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal.
Walmart accused of illegally opening costly accounts for drivers
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
The Container Store says it's filing for bankruptcy protection
The Container Store said it is filing for bankruptcy protection after years of losses and declining sales.
Honda and Nissan announce plans to merge
Honda and Nissan have announced plans to merge, forming world's third-largest automaker by sales as the industry transitions away from fossil fuels.
Politics
More Politics
Who are the three federal death row inmates whose sentences Biden did not commute
President Biden left in place the capital sentences of Robert Bowers, Dzhokar Tsarnaev and Dylann Roof.
Read the full Matt Gaetz ethics report
The House Ethics Committee has released its long-awaited report on allegations of misconduct by former Rep. Matt Gaetz. Read the full report here.
6 key takeaways from the Matt Gaetz ethics report
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
Greenland's leader says "we are not for sale" after Trump suggests U.S. takeover
President-elect Donald Trump also seemed to suggest the Panama Canal should belong to the United States.
Biden commutes sentences of 37 of 40 federal death row inmates
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
HealthWatch
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HealthWatch
How to stay healthy during holiday gatherings
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Are you contagious? Here's when you're most likely to spread COVID, flu, RSV
How long are you contagious after getting COVID, flu, RSV, pneumonia and more? Here's what to know to keep others safe this holiday season.
CDC releases concerning new flu numbers
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
A teen's misdiagnosis led to medication, but surgery led to a cure
Isaac Klapper was 10 years old when he started having episodes of what doctors initially thought was a movement disorder.
World
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Greenland's leader says "we are not for sale" after Trump suggests U.S. takeover
President-elect Donald Trump also seemed to suggest the Panama Canal should belong to the United States.
Australia approves extradition of former U.S. Marine
Former U.S. Marine Corps pilot Daniel Duggan will be extradited from Australia to the United States over allegations that he illegally trained Chinese aviators.
Philippines says it will buy U.S. Typhon missile system, angering China
The Philippines says it plans to buy the U.S. Typhon missile system as part of a push to secure its maritime interests, sparking warnings from China of a regional "arms race."
Over 1,000 North Korean casualties in Russia-Ukraine war, South Korea says
North Korea has sent thousands of troops to reinforce the Russian military in its war against Ukraine.
Israeli settlements, and the expanding divide of settlers and Palestinians
Today, upwards of 700,000 Israelis live in settlements which the U.N. calls illegal. "Sunday Morning" talks with two settlers and with Palestinians in the West Bank living on opposite sides of an Israeli security barrier.
Entertainment
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Meet the man behind Bergdorf Goodman's iconic holiday windows
This year's holiday displays at Bergdorf Goodman honor Fifth Avenue's bicentennial and will be on display through Jan. 6.
Samara Joy on new album, family tour
Samara Joy, the 25-year-old jazz sensation and three-time Grammy winner, joins "CBS Mornings Plus" to talk about her new album "Portrait" and her holiday tour with family.
Boyd Holbrook on his role as Johnny Cash
In the highly anticipated film "A Complete Unknown," Boyd Holbrook portrays Johnny Cash and brings to life the music legend's early interactions with Bob Dylan, played by Timothée Chalamet. Holbrook joins "CBS Mornings Plus" to talk about the role.
Blake Lively accuses costar of smear campaign
Actress and producer Blake Lively has accused Justin Baldoni, her costar and the director of "It Ends with Us," of repeated sexual harassment on set and of orchestrating a smear campaign against her. Baldoni's attorney called the claims "categorically false."
"Christmas Dance" by Darren Criss
In this web exclusive, Darren Criss and the Young People's Chorus of New York City help "Sunday Morning" celebrate the holiday in a performance of Criss' "Christmas Dance."
Technology
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Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Why drone hysteria has taken off
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
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.
Why drone hysteria has taken off
By most accounts, alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in just the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones. Correspondent Tom Hanson reports.
Supreme Court agrees to hear case about TikTok ban
The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more.
Science
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What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Class-action lawsuit over plastic recycling
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Americans coexisted with 4-ton sloths for millennia, research shows
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
Crime
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Crime
What to know about Mangione not-guilty plea
Luigi Mangione, the suspect in UnitedHealthcare CEO Brian Thompson's killing, entered a not-guilty plea at his arraignment on New York state murder and terrorism charges Monday. CBS News correspondent Lilia Luciano and CBS News legal contributor Caroline Polisi have more.
Mangione attorney speaks at arraignment
During Luigi Mangione's arraignment on New York state charges Monday, his attorney, Karen Friedman Agnifilo, addressed the court about concerns she has about Mangione having a fair trial in the case. Mangione pleaded not guilty to murder and terrorism charges stemming from the fatal shooting of UnitedHealthcare CEO Brian Thompson.
Inside Mangione arraignment on state charges
Luigi Mangione pleaded not guilty Monday morning to the New York state murder and terrorism charges he's facing for allegedly shooting UnitedHealthcare CEO Brian Thompson. CBS News correspondent Lilia Luciano and CBS News legal contributor Caroline Polisi have the latest.
CEO killing suspect to be arraigned
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson, is expected to appear in a New York court Monday to face state charges, including first-degree murder as a crime of terrorism.
Luigi Mangione pleads not guilty to state murder, terrorism charges
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
Space
More Space
Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
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Latest CBS News Videos
What to know about Mangione not-guilty plea
Luigi Mangione, the suspect in UnitedHealthcare CEO Brian Thompson's killing, entered a not-guilty plea at his arraignment on New York state murder and terrorism charges Monday. CBS News correspondent Lilia Luciano and CBS News legal contributor Caroline Polisi have more.
Popular movies to see this holiday season
"Sonic the Hedgehog 3" took down the competition at the box office over the weekend. Erik Davis, the managing editor of Fandango, discusses the movie and other hits to see this holiday season.
Trump says he hasn't ceded presidency to Musk
President-elect Donald Trump over the weekend dismissed concerns about Elon Musk's influence after the billionaire helped tank a congressional spending bill last week. Democratic strategist Joel Payne and Republican strategist Leslie Sanchez joined CBS News to discuss that and some of the other top political news of the week.
Tips for travel this holiday season
More than 119 million Americans will travel for the holiday season, according to AAA. Megan Spurrell, associate director of articles for Condé Nast Traveler, has tips on what to expect.
Ethics report: Gaetz paid for sex with minor
The House Ethics Committee report on Matt Gaetz says it found evidence the former congressman paid for sex with a 17-year-old girl and used illegal drugs, according to a final draft of the comprehensive investigative report obtained by CBS News. Gaetz has denied the allegations. CBS News congressional correspondent Scott MacFarlane has more.