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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.
The high school where the shooter, Thomas Matthew Crooks, attended in Pennsylvania also said it has "no record" of him trying out for the rifle team as it had been widely reported.
The biggest continuing effect has been on air travel. Carriers canceled thousands of flights on Friday and now have many of their planes and crews in the wrong place.
Al-Masirah TV, a media outlet controlled by Houthi rebels in Yemen reported the airstrikes in the port city of Hodeidah.
Police say a Florida man accused of making threats against former President Donald Trump, U.S. Sen. JD Vance and their families on social media has been arrested.
More than two dozen House Democrats and four senators have now called on President Biden to end his reelection bid.
The German-based sportswear company drew criticism from Israel for including supermodel Bella Hadid in the advertising for the SL72 shoes.
The authorization does not mean a strike will happen immediately and both sides could reach a deal. If a strike does happen, it would be the first at Disneyland in 40 years.
Last month, Jackson Lee revealed that she had been diagnosed with pancreatic cancer.
Novo Nordisk and Lilly can't keep up with demand for their weight loss drugs such as Ozempic, Wegovy and Mounjaro. But they object to specialty pharmacies making their own cheaper versions to fill the gap — providing as much as 30% of those drugs sold in the U.S.
Gov. Chris Sununu signed the bill Friday, saying in a statement it "ensures fairness and safety in women's sports by maintaining integrity and competitive balance in athletic competitions."
Sandra Hemme, whose murder conviction was overturned after she served 43 years in prison, is now free — despite objections from Missouri's attorney general.
The high school where the shooter, Thomas Matthew Crooks, attended in Pennsylvania also said it has "no record" of him trying out for the rifle team as it had been widely reported.
Police say a Florida man accused of making threats against former President Donald Trump, U.S. Sen. JD Vance and their families on social media has been arrested.
The authorization does not mean a strike will happen immediately and both sides could reach a deal. If a strike does happen, it would be the first at Disneyland in 40 years.
The German-based sportswear company drew criticism from Israel for including supermodel Bella Hadid in the advertising for the SL72 shoes.
The authorization does not mean a strike will happen immediately and both sides could reach a deal. If a strike does happen, it would be the first at Disneyland in 40 years.
Novo Nordisk and Lilly can't keep up with demand for their weight loss drugs such as Ozempic, Wegovy and Mounjaro. But they object to specialty pharmacies making their own cheaper versions to fill the gap — providing as much as 30% of those drugs sold in the U.S.
Investors are sizing up which industries could benefit under a second Trump administration. But Wall Street preach caution, saying it's easy to get burned.
Starbuck's mobile order ahead and pay features are down. Here's what the company is doing to restore them.
Police say a Florida man accused of making threats against former President Donald Trump, U.S. Sen. JD Vance and their families on social media has been arrested.
Last month, Jackson Lee revealed that she had been diagnosed with pancreatic cancer.
The virtual ballot will show Biden "as the presumptive and only qualified nominee," but there's an option for delegates to mark their own preference, as there was in 2020.
The call comes nearly five years after another phone conversation between the leaders triggered Trump's first impeachment.
A Marine accused of using a Nazi salute during the U.S. Capitol insurrection has been sentenced to almost five years in prison for assaulting police officers who were guarding the building.
AI bots like Google AI have given incorrect information, with the results ranging from humorous to potentially dangerous.
Novo Nordisk and Lilly can't keep up with demand for their weight loss drugs such as Ozempic, Wegovy and Mounjaro. But they object to specialty pharmacies making their own cheaper versions to fill the gap — providing as much as 30% of those drugs sold in the U.S.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
Researchers have published more than 24,000 papers on long COVID — a constellation of health effects such as shortness of breath, fatigue, brain fog and heart failure that last months or years after the initial infection.
Mr. Biden indicated earlier Friday he could be back on the campaign trail within days.
Al-Masirah TV, a media outlet controlled by Houthi rebels in Yemen reported the airstrikes in the port city of Hodeidah.
The war in Gaza, sparked by Hamas' Oct. 7 attack on southern Israel, has killed more than 38,900 people, according to the territory's Health Ministry.
Police in Bangladesh have enacted a strict curfew with a "shoot-on-sight" order amid violent protests and chaos.
The German-based sportswear company drew criticism from Israel for including supermodel Bella Hadid in the advertising for the SL72 shoes.
Dangerous heat has posed a threat around the world this year.
Birdwatching might seem like an antiquated activity - but thanks to young fans and TikTok, it's having a moment in the spotlight. Actor Ian Harding detailed his love for the hobby in a new memoir, "Odd Birds."
A live album recorded by Louis Armstrong three years before his death in 1971 has been released. It's another moment in the spotlight for the beloved musician. Michelle Miller has more.
Bob Newhart, whose observational humor and deadpan delivery raised his comedy albums and TV sitcoms to classic status, died on Thursday, July 18, 2024, at the age of 94. In this "Sunday Morning" profile that aired on November 3, 2002, the comedian, recipient of the Mark Twain Prize for American Humor, talked with correspondent Rita Braver about his journey from accounting to standup. Braver also talks with the comic's co-stars Jane Curtin ("The Librarian") and Tom Poston ("Newhart") about Newhart's gifts.
Glass Animals frontman Dave Bayley talks with Anthony Mason about his songwriting process for the band's new album, following up the hit song "Heat Waves" and becoming more confident as a writer.
After the success of "Heat Waves," Dave Bayley opens up about his struggles and the creative process behind Glass Animals' new album, "I Love You So F***ing Much."
With medical providers facing rising levels of burnout, software designers are testing specialized AI-powered chatbots that they hope provide preventative care advice to patients. However, CBS News Confirmed found that the summaries given from existing AI bots like ChatGPT aren't always accurate.
A flaw in a software update from CrowdStrike, a firm that provides cybersecurity services through Microsoft for half of the Fortune 1000 companies, has caused a major worldwide tech outage. Carter Evans examines exactly what caused the glitch and how it is being fixed.
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.
A software meltdown caused one of the largest tech outages in modern history, grounding thousands of flights worldwide Friday, stranding travelers and leaving airlines scrambling for answers. Kris Van Cleave reports.
A global tech outage Friday grounded planes, sent offices offline and disrupted multiple industries. Cybersecurity firm CrowdStrike says it identified a critical problem in its software and is working to fix the issue. Justin Cappos, professor and cybersecurity expert at New York University's Tandon School of Engineering, joins CBS News to explain what caused the outage and when things could return to normal.
This summer millions of people have experienced the fact that climate change is making our days hotter, but new research shows it is also making them longer. CBS News' Lana Zak explains.
The full moon, also known as the Thunder Moon, will last three days, peaking on Sunday morning.
Experts say the surging demand for energy in the U.S. is forecast to hit record-highs both this year and next year, straining the country's aging power grid and creating more planet-warming emissions. Part of the demand is from a growing number of data centers across the nation and the rise of artificial intelligence.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Sandra Hemme, whose murder conviction was overturned after she served 43 years in prison, is now free — despite objections from Missouri's attorney general.
"It was just a horrific scene that even seasoned officers told me it is the worst thing they've ever seen," the sheriff said.
The drug ring would appeal to a witchdoctor "to receive his blessing and for the success of its cocaine transportation," police said.
John Carter was charged with two counts of murder in relation to the death of his fiancée Katelyn Markham.
Weisselberg was sentenced in April to five months in Rikers Island, in line with a plea agreement over his alleged perjury in a 2023 civil fraud case.
The cosmos is providing a full moon for the 55th anniversary of the first lunar landing this weekend, and plenty of other events honor Neil Armstrong and Buzz Aldrin's giant leap.
This weekend marks 55 years since the historic Apollo 11 moon landing. Retired NASA astronaut Leroy Chiao joins CBS News to look back on the small step for man and giant leap for mankind.
The full moon, also known as the Thunder Moon, will last three days, peaking on Sunday morning.
NASA says the Deorbit Vehicle will drive the lab to a controlled re-entry and breakup in 2030 to close out three decades of operation.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Recovery continues after global computer outage; Otter who terrorized California surfers returns.
Acclaimed singer-songwriter Amos Lee returns to Saturday Sessions. The Philadelphia native known for his soulful voice worked as a teacher and bartender before giving music a try - and now, two decades later, Lee has recorded 10 studio albums. An eleventh album is set to be released next month, ahead of a tour with the Indigo Girls in the fall. Now, from his new album "Transmissions," here is Amos Lee with "Carry You On."
Acclaimed singer-songwriter Amos Lee returns to Saturday Sessions. The Philadelphia native known for his soulful voice worked as a teacher and bartender before giving music a try - and now, two decades later, Lee has recorded 10 studio albums. An eleventh album is set to be released next month, ahead of a tour with the Indigo Girls in the fall. Now, from his new album "Transmissions," here is Amos Lee with "Hold On Tight."
Acclaimed singer-songwriter Amos Lee returns to Saturday Sessions. The Philadelphia native known for his soulful voice worked as a teacher and bartender before giving music a try - and now, two decades later, Lee has recorded 10 studio albums. An eleventh album is set to be released next month, ahead of a tour with the Indigo Girls in the fall. Now, from his new album "Transmissions," here is Amos Lee with "Built To Fall."
Otter 841 terrorized surfers in Santa Cruz, California last year, biting and hijacking boards. Multiple operations to capture her failed, and she disappeared without notice in October. Now, she's back. Surfers are on the lookout while experts try to explain her odd behavior.