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The Department of Justice and the Securities and Exchange Commission are investigating the Silicon Valley Bank collapse. CBS News anchors Lana Zak and Elaine Quijano spoke with John Geiringer, a partner at Barack Ferrazzano Kirshbaum and Nagelberg, about what authorities look at in such cases and what this investigation could mean for company executives.
Stocks tumbled Wednesday as fears about the stability of banks grow now that two U.S. institutions have failed and a major European bank is in trouble. CBS News anchors Lana Zak and Elaine Quijano spoke with correspondent Elaine Cobbe and Phil Angelides, former chair of the Financial Crisis Inquiry Commission, about the situation.
After a frenetic weekend, policymakers took the audacious step of guaranteeing all deposits of the failed Silicon Valley Bank.
CBS News has learned the Department of Justice has opened an inquiry into what went wrong at Silicon Valley Bank. CBS News national correspondent Errol Barnett reports and CBS News legal contributor Rebecca Roiphe joins "CBS News Mornings" to discuss the fallout and what could happen if any wrongdoing is found.
DOJ investigates collapse of Silicon Valley Bank; George Santos files paperwork for '24 reelection campaign.
The Department of Justice has opened an investigation into the circumstances that led to the failure of Silicon Valley Bank last week. Jonathan Macey, the Sam Harris professor of corporate law at Yale University, joined CBS News to discuss the legal troubles.
Federal law enforcement officials tell CBS News that the Department of Justice is investigating the collapse of Silicon Valley Bank. CBS News' senior White House and political correspondent Ed O'Keefe and CBS News congressional correspondent Scott MacFarlane join "Red and Blue" to discuss the political fallout from the bank's collapse.
The Department of Justice and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, the Wall Street Journal reported. CBS News national correspondent Errol Barnett reports from Santa Clara, California, on the fallout.
Customers and investors are scrutinizing fiscal health of smaller banks that may share some similar risks to SVB.
Dave Michaels is a reporter for the Wall Street Journal. He joins CBS News to discuss what the DOJ probe means moving forward.
Shares of regional bank stocks are on the rise after plunging on Monday. Mark Hamrick, senior economic analyst at Bankrate, joins CBS News to discuss public concerns over the U.S. banking system.
The Consumer Price Index report for February indicates inflation is cooling off. The new numbers were released a few days after Silicon Valley Bank and Signature Bank failed, and ahead of a Federal Reserve meeting on interest rates next week. Megan Greene, the global chief economist at Kroll, joins CBS News to discuss.
Democratic Congresswoman Maxine Waters says fixing the banking system following the collapse of Silicon Valley Bank needs to be a "collaborative effort." And President Biden is expected to sign an executive order today aimed at reducing gun violence. CBS News political contributor and Vice President Kamala Harris' former communications director Ashley Etienne joins CBS News' Anne-Marie Green and Nikki Battiste to discuss those issues and more.
"We had a situation where people got scared about a bank's ability to return depositors' money and depositors wanted their money out," he said.
Investors are reacting to the latest consumer price index numbers and the failure of Silicon Valley Bank and Signature Bank. Joe Saluzzi, co-founder and partner of brokerage firm Themis Trading LLC, joined CBS News' Anne-Marie Green and Nikki Battiste to discuss the reaction, what Meta's layoffs mean for the tech sector and a looming potential interest rate hike.
Former President Donald Trump spoke at a campaign event in Iowa Monday, and took aim at a likely GOP rival, Florida Governor Ron DeSantis. CBS News political analyst and Republican strategist Leslie Sanchez discusses the GOP perspective on that plus the response to the recent bank failures with anchors Anne-Marie Green and Nikki Battiste.
The FDIC reassured concerned Silicon Valley Bank customers that their money is safe, following the collapse of the bank. Errol Barnett spoke to customers who lined up to collect their deposits.
Federal government takes action after collapse of two banks; Trump visits Iowa, drawing comparisons with DeSantis.
The abrupt closure of three banks in a matter of days is continuing to ripple across the American economy. CBS News national correspondent Errol Barnett joined John Dickerson on "Prime Time" with the latest on the Silicon Valley Bank's collapse. Then, Jeff Guo, co-host for NPR's "Planet Money," helps break down what exactly happened to SVB.
President Biden is telling Americans the banking system is sound despite the high-profile failure of Silicon Valley Bank and several others. CBS News senior White House and political correspondent Ed O’Keefe joins John Dickerson on “Prime Time” with more.
Stocks of U.S. regional banks are still reeling following the failures of Signature Bank and Silicon Valley Bank. Keith Noreika, executive vice president of Patomak Global Partners and former acting Comptroller of the Currency, joins CBS News' John Dickerson to discuss.
President Biden on Monday said that the U.S. banking system is safe in the wake of the collapse of Silicon Valley Bank in California and Signature Bank in New York. The federal government scrambled to backstop deposits at the two banks, but worries persist that other small regional banks could face similar issues. Ed O'Keefe has the details.
The stock market closed relatively flat a day after the federal government took action to ensure that Silicon Valley Bank's customers would not lose their deposits in the bank's collapse. CBS News business analyst Jill Schlesinger joined Elaine Quijano to discuss how the action will impact investors and consumers going forward.
The collapse of Silicon Valley Bank in California and Signature Bank in New York sparked fears of a nationwide banking crisis, but the federal government says depositors will not lose their funds and President Biden offered assurances the system is sound. CBS News chief Washington correspondent Major Garrett joins "Red and Blue" to discuss the political impact of the two bank failures.
President Biden reassured Americans that the U.S. banking system is secure Monday following the collapse of Silicon Valley Bank and Signature Bank. CBS News chief White House correspondent Nancy Cordes joins "Red and Blue" to discuss the administration's response.
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 shooting and fiery crash 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 shooting and fiery crash 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.