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Kara Swisher and Scott Galloway, the "Pivot" podcast co-hosts, tell "Face the Nation" that there was a "huge insecurity injected" into the banking system by Silicon Valley's "constant catastrophizing" ahead of the bank's collapse. "Do we have two Americas in Silicon Valley, and I think lawmakers and Americans are trying to ask, should we backstopping Americans or agents of chaos?" Galloway said.
Watch the full version of the interview with Rep. Patrick McHenry that aired on March 19, 2023 on "Face the Nation."
Rep. Patrick McHenry, the chair of the House Financial Services Committee, tells "Face the Nation" that "all options should be on the table" in allowing large banks to take over smaller, troubled banks. He added that Congress needs to investigate the "who, what, when, where, why and how" of the failures of Signature Bank and Silicon Valley Bank.
Warren told "Face the Nation" that lifting the FDIC insurance cap is a "good move."
President Biden Friday called on Congress to give regulators more authority to impose tougher penalties on senior executives who may have mismanaged finances at banking institutions which failed. CBS News chief White House correspondent Nancy Cordes has the latest.
First Republic and PacWest Bankcorp saw their share prices plummet this week as the fallout from the Silicon Valley Bank collapse continues. Meanwhile, the former parent company of Silicon Valley Bank filed for bankruptcy Friday. Nancy Cordes has more.
The New York Stock Exchange closed in the red on Friday. Wall Street Journal banking reporter Ben Eisen joins CBS News to discuss the ongoing impact of the recent turmoil in the banking system.
A new report suggests some bank employees believe one of the reasons for the collapse of Silicon Valley Bank was its commitment to a work-from-home policy. CBS News' Errol Barnett and Elaine Quijano are joined by Axios markets reporter Emily Peck to discuss.
The former parent company of Silicon Valley Bank is filing for bankruptcy. SVB Financial is now separate from the bank following its takeover by the FDIC. CBS MoneyWatch reporter Khristopher Brooks discusses the impact of the Chapter 11 filing.
The Federal Deposit Insurance Corp will shoulder the immediate cost, but bank customers could see higher fees later.
Silicon Valley Bank's parent company filed for Chapter 11 bankruptcy this morning. Lauren Hirsch, business and policy reporter for The New York Times, joined CBS News to discuss how this move is different from the regional bank's collapse, and the state of the U.S. banking system in the wake of the First Republic aid package.
The bankruptcy comes days after its bank was shut down and taken over by regulators amid a solvency crisis.
Treasury Secretary Janet Yellen told a Senate hearing that the nation's banking system "remains sound" in the wake of the country's second largest bank collapse. And major banks committed $30 billion to shore up First Republic Bank. CBS News congressional correspondent Scott MacFarlane and CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan join "Red and Blue" to discuss the latest on the banking situation.
A group of 11 major banks were working on a $30 billion rescue plan for First Republic Bank on Thursday. Also, Treasury Secretary Janet Yellen told senators the banking system "remains sound" in the wake of the recent failures of Silicon Valley Bank and Signature Bank. Robert Schein, chief investment officer for Blanke Schein Wealth Management, joined Elaine Quijano and Lana Zak to discuss.
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.
U.S. Treasury Secretary Janet Yellen says the nation's banking system remains safe despite two regional banks collapsing in the past week. Her comments come as First Republic Bank shares plummeted to start the day. Bill Eisen, a banking reporter for the Wall Street Journal, joins CBS News to discuss what it for the U.S. banking system.
"Americans can feel confident that their deposits will be there when they need them," the treasury secretary is expected to tell Congress Thursday.
Concerns are growing over a direct confrontation between U.S. and China over Taiwan. Zanny Minton Beddoes, the editor-in-chief of The Economist, joined John Dickerson on Prime Time to discuss threats of superpower conflict and Silicon Valley Bank's failure.
Former FDIC chair Sheila Bair joins John Dickerson on "Prime Time" to discuss the recent failure of Silicon Valley Bank and whether Americans need to be concerned about broader instability in the banking system.
The fallout from the collapse of Silicon Valley Bank continued to reverberate across the financial world Wednesday, when Credit Suisse, one of Europe's largest banks, saw its shares plummet. Stocks also fell across the board. Errol Barnett has the latest.
Congressman Brendan Boyle, the ranking member of the House Budget Committee, joins "Red and Blue" to discuss the factors that contributed to Silicon Valley Bank's collapse, and the politics surrounding blame around it on Capitol Hill.
The Dow Jones fell sharply Wednesday after shares in Swiss bank Credit Suisse hit a record low. Host of "The Street" J.D. Durkin spoke with CBS News about recent trends in the marketplace and how they could impact federal economic action.
Swiss central bank promised to back Credit Suisse, which sparked investor panic with record losses and financial reporting errors.
Dozens of Democratic lawmakers have introduced legislation in response to the collapse of Silicon Valley Bank. The bill would repeal part of a Trump-era rollback of bank regulations. CBS News chief Washington correspondent Major Garrett joins Lana Zak and Elaine Quijano with more on the proposal.
Financial markets are in turmoil after two regional banks collapsed in the U.S., and now a European bank is in trouble. CBS News anchors Lana Zak and Elaine Quijano spoke with chief foreign affairs correspondent and "Face The Nation" moderator Margaret Brennan about how regulators might respond to the crisis.
A "combination of factors" appear to have led a 15-year-old student to carry out a school shooting, police in Madison, Wisconsin, said Tuesday.
Luigi Mangione was indicted Tuesday by the Manhattan district attorney in the murder of UnitedHealthcare CEO Brian Thompson.
Leaders in Congress unveiled a measure to keep the government funded, facing a Friday night deadline to avert a government shutdown.
Herschel Walker, the former football star who unsuccessfully ran for Senate in Georgia in 2022, will be nominated to serve as ambassador to the Bahamas.
The head of Russia's chemical and biological forces, Lt. General Igor Kirillov, was killed in a Moscow bomb blast claimed by Ukraine.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
One person was killed and nine others injured in a mass shooting in the Baltimore suburb of Towson Tuesday night, authorities said.
Accused Gilgo Beach serial killer Rex Heuermann has been charged with a seventh murder.
The automakers are reportedly considering a merger to compete against large EV makers.
Herschel Walker, the former football star who unsuccessfully ran for Senate in Georgia in 2022, will be nominated to serve as ambassador to the Bahamas.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Last year, U.S. Surgeon General Dr. Vivek Murthy declared loneliness a national health epidemic, saying it poses risks as deadly as smoking.
Ana Orsini, an anchor at CBS affiliate KOLD-TV in Tucson, Arizona, died last week of a brain aneurysm, her colleagues announced on air.
NASA astronauts Butch Wilmore and Suni Williams have been stuck in space for months longer than expected, and will not return to Earth until at least March 2025 at the earliest, NASA indicated.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Here's what to know about Frontier's "GoWild!" unlimited flight deal, an "all you can fly" offer that costs $299.
The automakers are reportedly considering a merger to compete against large EV makers.
The TikTok ban is set to go into effect next month barring a last-minute sale or Supreme Court action.
Walmart says retailing giant is testing pilot in one market, and no longer-term decisions have been made.
Herschel Walker, the former football star who unsuccessfully ran for Senate in Georgia in 2022, will be nominated to serve as ambassador to the Bahamas.
Heavy redactions obscured almost all information about the accusations themselves.
The TikTok ban is set to go into effect next month barring a last-minute sale or Supreme Court action.
"People deserve to know upfront what they're being asked to pay," FTC Chair Lina Khan said in announcing crackdown on certain consumer fees.
Rep. Gerry Connolly of Virginia won election to serve as the top Democrat on the House Oversight Committee, defeating Rep. Alexandria Ocasio-Cortez.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
Towana Looney, a 53-year-old Alabama woman, is now free from years of dialysis after receiving an experimental pig kidney transplant last month.
Author Emily Oster talks about new research linking early sugar exposure to chronic diseases.
The president-elect's choices to lead the Department of Health and Human Services, as well as agencies such as the National Institutes of Health, FDA and CDC, hold positions on issues including abortion and vaccination that are often at odds.
Lizzie Clark was 13 when she started hearing a constant ringing in her ear. Doctors found a tumor on her facial nerve.
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
Milei is the first world leader expected to be in Washington, D.C. for President-elect Donald Trump's inauguration, though arrangements are underway for others to join.
Police in the Canadian capital of Ottawa say they have arrested and charged a suspect in the deadly stabbing of Christopher Smith in 1996.
The stepmother and father of Sara Sharif have been sentenced to life in prison for horrific abuse that ended up killing the 10-year-old British girl.
The officers became suspicious after noticing the female passenger "was not conscious and was not communicating."
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Comedian Nikki Glaser, known for her honest style, is gearing up to host the 82nd Annual Golden Globes.
The New York Times called comedian Nikki Glaser "comedian of the year" for her knockout HBO special, "Someday You'll Die." It received Emmy, Grammy and Golden Globe nominations. And now, Glaser is taking on a new project — hosting the Golden Globes. She joins "CBS Mornings."
The highly anticipated "Sonic the Hedgehog 3" hits theaters this Friday, introducing a fierce new enemy, Shadow. Six-time Emmy nominee Idris Elba reprises his role as Knuckles and shares how he got back up to speed for the action-packed sequel.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
2024 has been a big year for space exploration, with the shift towards privately financed missions fueling major innovations. CBS News space analyst Bill Harwood discusses the latest on the Boeing Starliner astronauts who have been stuck at the International Space Station for months, the Odysseus moon lander, Space X and NASA.
TikTok is asking the Supreme Court to pause a law that could ban the app in the U.S. President-elect Donald Trump said that he has a "warm spot" in his heart for the social media app. CBS News Supreme Court producer Catherine Cole has more.
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.
The TikTok ban is set to go into effect next month barring a last-minute sale or Supreme Court action.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
From record-breaking temperatures to devastating disasters, 2024 brought the world closer to the reality of what climate change looks and feels like. CBS News national environmental correspondent David Schechter reports.
Researchers determined that dozens of men, women and children were violently killed and cannibalized in Bronze Age-era England.
In this episode of “ClimateWatch,” CBS national environmental correspondent David Schechter looks back at the devastating hurricanes, landslides, flooding and more that impacted the U.S. this year.
According to the Center for Biological Diversity, the U.S. creates nearly 6 billion tons more waste in December than in other months. The nonprofit says about 25% of returned products end up in landfills. Sandra Goldmark, a circular economy expert and associate dean at the Columbia University Climate School, joins CBS News to share examples of sustainable, environmentally friendly gifts for everyone on your list.
Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.
The man arrested in the killing of UnitedHealthcare CEO Brian Thompson earlier this month has been indicted in New York on murder charges. Manhattan District Attorney Alvin Bragg announced the charges against Luigi Mangione on Tuesday. CBS News' Lilia Luciano and Anna Schecter break them down.
One person was killed and nine others injured in a mass shooting in the Baltimore suburb of Towson Tuesday night, authorities said.
Tech consultant Nima Momeni has been found guilty of second-degree murder in the 2023 stabbing of Cash App founder Bob Lee. CBS News Bay Area reporter Lauren Toms has more details.
Accused Gilgo Beach serial killer Rex Heurmann has been charged with a seventh murder. He has pleaded not guilty in the murders of six other women. CBS News New York reporter Carolyn Gusoff has more.
Police in Madison, Wisconsin, said a number of factors may have led a 15-year-old student to open fire in a classroom on Monday, killing two people before taking her own life. Two of the injured were still in critical condition on Tuesday. Charlie De Mar reports.
Two astronauts who have been stuck aboard the International Space Station for months will have to wait even longer to come home. Their planned returned was delayed once again on Tuesday, pushing their earliest return trip back to late March. Manuel Bojorquez has more.
NASA astronauts Butch Wilmore and Suni Williams have been stuck in space for months longer than expected, and will not return to Earth until at least March 2025 at the earliest, NASA indicated.
December's full moon, known as the Cold Moon, is the last full moon of 2024. Here's when it peaks and why it's called the Cold Moon.
One of the best meteor showers of the year is about to peak. Here's how to watch and where you can catch the Geminids.
Engineers now say they understand the most likely cause of the Ingenuity helicopter's crash landing on Mars earlier this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
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.
Congressional leaders have unveiled a stopgap bill to keep the government funded through March 14, 2025. CBS News congressional correspondent Nikole Killion has the latest from Capitol Hill.
The man arrested in the killing of UnitedHealthcare CEO Brian Thompson earlier this month has been indicted in New York on murder charges. Manhattan District Attorney Alvin Bragg announced the charges against Luigi Mangione on Tuesday. CBS News' Lilia Luciano and Anna Schecter break them down.
Tech consultant Nima Momeni has been found guilty of second-degree murder in the 2023 stabbing of Cash App founder Bob Lee. CBS News Bay Area reporter Lauren Toms has more details.
Accused Gilgo Beach serial killer Rex Heurmann has been charged with a seventh murder. He has pleaded not guilty in the murders of six other women. CBS News New York reporter Carolyn Gusoff has more.
2024 has been a big year for space exploration, with the shift towards privately financed missions fueling major innovations. CBS News space analyst Bill Harwood discusses the latest on the Boeing Starliner astronauts who have been stuck at the International Space Station for months, the Odysseus moon lander, Space X and NASA.