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.
JPMorgan Chase
Major banks release first quarter earnings
JPMorgan Chase beat expectations in the first quarter of 2024, reporting an increase in both profits and revenues. CEO Jamie Dimon says the numbers are strong, but he warns that uncertainties like inflation and war pose potential threats for the future. CBS News contributor Javier David has more.
Why are gold prices suddenly rising?
The buying price of gold futures has hit multiple record highs this year, rising more than 14% in value since Jan. 2. Campbell Harvey, professor of finance at Duke University, joins CBS News to explain what's motivating buyers.
JPMorgan's Jamie Dimon warns of possible worst risks to U.S. since WWII
JPMorgan Chase CEO Jamie Dimon says he worries geopolitical events and U.S. political polarization "may very well be creating risks that could eclipse anything since World War II."
Jamie Dimon on cryptocurrency industry: "I'd close it down"
If America's most prominent banker and noted Wall Street critic Elizabeth Warren agree on one thing, it's that the crypto biz is out of control.
JPMorgan reaches $290 million settlement with Jeffrey Epstein victims
The agreement stems from a November lawsuit that alleged the bank ignored red flags about Epstein in order to keep his business.
Regional bank stocks lead market decline
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Bank woes mount as investors bail from regional lenders
On Wall Street, a string of banking industry failures is casting a cloud over midsize lenders such as PacWest and Western Alliance
Bank stocks tumble as First Republic deal fails to stem investor fears
Shares of Los Angeles lender PacWest Bancorp fell 28% as spooked investors bail from regional banks.
How markets reacted to bank seizure
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
What the First Republic Bank takeover means
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.
What happens to First Republic Bank's stock and deposits now?
JPMorgan Chase is buying the troubled lender after it became the second biggest bank failure in U.S. history.
JPMorgan Chase takeover of First Republic
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.
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.
Big banks report strong earnings in Q1
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.
JPMorgan CEO Jamie Dimon says banking crisis is "not yet over"
Collapse of Silicon Valley Bank and other lenders will reverberate "for years to come," top banking executive says.
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.
Epstein shared photos of young women with JPMorgan exec, lawsuit claims
Prosecutors in the Virgin Islands allege Epstein paid off underage girls by wiring them funds from a Chase bank account.
Full interview: Jamie Dimon on "Face the Nation"
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."
Face The Nation: Shargi Family, Hill, Krebs, Dimon
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 on Ukraine, China, homeownership and more
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.
12/11: Face The Nation
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.
This week on "Face the Nation with Margaret Brennan," Dec. 11, 2022
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.
Jamie Dimon warns of "mild recession"
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.
Ye and JPMorgan Chase ending their banking relationship
Rapper formerly known as Kanye West was recently blocked on Twitter and Instagram for making antisemitic comments.
Senate passes bill to avert government shutdown
The stopgap measure to fund the government and provide tens of billions in disaster relief passed the Senate and now goes to President Biden for his signature.
Senate approves bill to expand Social Security to millions of Americans
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
Car slams into Christmas market in Germany in suspected attack
Police say the driver is under arrest after plowing into the crowd at a Christmas market in Magdeburg, Germany, killing at least 2 people and injuring dozens.
Biden's top hostage envoy travels to Syria to ask for help in finding Austin Tice
Hostage envoy Roger Carstens traveled to Syria Friday, making the first known U.S. in-person contact with the caretaker government, and seeking help in finding missing American Austin Tice.
Biden surpasses Trump with 235th federal judge confirmed
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
Here's a fact check on Trump's recent comments about the history of U.S. tariffs
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
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.
More than 119 million U.S. holiday travelers expected to hit roads, skies
More than 119 million people will travel at least 50 miles from home between Saturday and New Year's Day, which would top the previous holiday-season high set in 2019, according to AAA.
8 convicted of terrorism charges in teacher's 2020 beheading in France
Samuel Paty was killed by an Islamic extremist outside his school, days after showing his class cartoons of the Prophet Muhammad during a debate on free expression.
U.S.
More U.S.
Senate approves bill to expand Social Security to millions of Americans
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
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.
How much more will it cost to heat your home this winter?
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
IRS sending up to $1,400 to 1 million people. Here's who qualifies.
The IRS said it's sending out checks worth up to $1,400 to 1 million people. Here's what to know about the "special payments."
Biden surpasses Trump with 235th federal judge confirmed
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
MoneyWatch
More MoneyWatch
Senate approves bill to expand Social Security to millions of Americans
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
How much more will it cost to heat your home this winter?
Here's what's driving up home heating costs, and how much families are expected to spend this winter.
IRS sending up to $1,400 to 1 million people. Here's who qualifies.
The IRS said it's sending out checks worth up to $1,400 to 1 million people. Here's what to know about the "special payments."
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.
What would a government shutdown mean for flights and air travel?
Here's what the anticipated record number of holiday travelers should know about how a government shutdown could affect trips.
Politics
More Politics
Biden surpasses Trump with 235th federal judge confirmed
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
Here's a fact check on Trump's recent comments about the history of U.S. tariffs
Historians say Trump falsely said he was the only president to collect revenue from tariffs on Chinese goods, among other claims.
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.
Mayorkas warns of "serious" consequences for Homeland Security if government shuts down
The warning came before the House passed a last-minute stopgap funding bill with bipartisan support Friday night, sending it to the Senate.
Biden issues likely last round of student debt forgiveness before leaving office
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
HealthWatch
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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.
Stuffing stockings with skincare? Here's what kids should and shouldn't be using
Skin care is all the rage for teens and tweens these days, but be careful not to give products that could cause more harm than good.
He went in for a colonoscopy. The hospital charged $19,000 for two.
A Chicago man was stuck with a big medical bill after undergoing a colonoscopy that found no evidence of cancer. Here's why.
Frito-Lay recalls some Lay's chips over "life-threatening" allergy risk
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
"Sleepmaxxing" trend has young adults optimizing their sleep
Sleep optimization, or "sleepmaxxing," is a popular trend among a younger demographic, but experts share a few words of caution.
World
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8 convicted of terrorism charges in teacher's 2020 beheading in France
Samuel Paty was killed by an Islamic extremist outside his school, days after showing his class cartoons of the Prophet Muhammad during a debate on free expression.
Car slams into Christmas market in Germany in suspected attack
Police say the driver is under arrest after plowing into the crowd at a Christmas market in Magdeburg, Germany, killing at least 2 people and injuring dozens.
Hip-hop star reportedly shot dead in parking garage in Sweden
In a video, seemingly filmed with a camera worn by the shooter, a person carrying a handgun can be seen firing multiple shots in a parking garage.
7 killed in prison riot as officers try to transfer 2 dangerous inmates
One of the inmates with a gun held out for about three hours, protected by 20 fellow prisoners, officials said.
7-year-old killed, 6 other people wounded in stabbing attack at Croatia school
A 7-year-old girl was killed and at least five other students and a teacher were wounded in a knife attack at a school in Croatia, police said.
Entertainment
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Entertainment
The untold WWII story of "Six Triple Eight"
Tyler Perry and Kerry Washington team up on the film "Six Triple Eight," spotlighting the only all-Black women's battalion in Europe during WWII. Washington stars as Charity Adams, the highest-ranking Black female officer.
Alicia Keys surprises students at her former high school
The 16-time Grammy winner returned to the Professional Performing Arts School in New York, where she first began her career, and shares advice with current students.
Quirky Guinness World Records of 2024 include a skateboarding cat
As 2024 comes to a close, we took a look at some of the oddest Guinness World Records of the year.
Apollo Theater honored by Kennedy Center
For 90 years, the Apollo Theater has shaped American culture, launching icons like James Brown and Aretha Franklin. This year, it became the first institution honored by the Kennedy Center, cementing its legacy as a hub of innovation.
Alicia Keys surprises students at alma mater
Sixteen-time Grammy winner Alicia Keys celebrates her Broadway musical "Hell's Kitchen" earning a Grammy nomination for Best Musical Theater Album. In an exclusive interview, she revisits her alma mater to honor the teacher who inspired her and surprises students.
Technology
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Technology
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.
Teen victim of deepfake porn urges Congress to pass "Take It Down Act"
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
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.
Supreme Court to decide on future of TikTok
The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government's ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.
FAA: Lithium battery fires on flights now occur nearly twice a week
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
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
Dozens injured in Germany Christmas market attack
At least two people are dead and dozens more injured after a vehicle plowed into a crowd at a Christmas market in Magdeburg, Germany. Authorities say the driver of the car was arrested and that it appears to be a deliberate attack. Elaine Cobbe has details.
German Christmas market attack update
At least two people were killed and over 60 were injured after a car crashed into a Christmas market in eastern Germany. Authorities arrested a suspect, saying they believe he acted alone in the deliberate act. CBS News national security contributor Sam Vinograd has more details.
Toddler killed in German market attack, police say
At least two people, including a toddler, were killed, and at least 60 more hurt, after a car crashed into a Christmas market in Magdeburg, Germany, in what authorities said appeared to be a deliberate attack. German police said a Saudi man has been arrested, but a motive has not yet been determined. CBS News reporter Anna Noryskiewicz has more.
Details on suspect in crash at German market
More than 60 people were injured and at least two killed Friday after a driver rammed into a crowded Christmas market in Magdeburg, Germany. The driver is in custody and local government officials say they suspect the crash was deliberate. CBS News reporter Haley Ott has the latest details.
JonBenét Ramsey's dad on key evidence
John Ramsey, JonBenét Ramsey's dad, says he thinks DNA technology will lead to an answer in his daughter's brutal murder. "48 Hours" correspondent Erin Moriarty breaks down her latest reporting on the case.
Space
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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
More Latest CBS News Videos
Latest CBS News Videos
Eye on America: Inside human smuggling rings
In California, we speak to an anthropologist whose new book offers firsthand accounts from human smugglers helping people cross into the U.S. illegally. And in Nebraska, we hear from experts raising the alarm that road barricades aren’t strong enough against heavier electric vehicles. Watch these stories and more on "Eye on America" with host Michelle Miller.
A unique spin on the classic holiday eggnog
It's the time of year when we indulge in some favorite holiday treats and drinks like eggnog. Chef JJ Johnson, the founder of fast-casual restaurant Field Trip NYC, joins CBS News to showcase several holiday recipes.
Sports' biggest moments in 2024
2024 marked a sensational year in the world of sports. Some highlights included another Super Bowl win for the Kansas City Chiefs and the rise of women's sports on the college and professional level. Cbssports.com writer Austin Nivision breaks it all down.
Drone expert unpacks mysterious sightings
A string of drone sightings across parts of the Northeast has prompted federal officials to ban drone flights temporarily in 22 towns throughout New Jersey and some neighborhoods around airports in New York City. Michael Innella, drone photographer and founder of North Jersey Drone Shots, joins CBS News to discuss the logistics behind the aircraft.
Kids inspired by Secret Santa hand out money
An Arizona elementary teacher uses Steve Hartman's "On the Road" stories to teach kindness and character. One about a Secret Santa that gives out money to random strangers has inspired his students to do the same over the holidays -- and this year was no different.