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.
Trump says U.S. and China negotiated "total reset" in tariff talks
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.
India accuses Pakistan of violating ceasefire hours after reaching deal
The first word of the truce came from President Trump, who announced that the two countries had reached a "full and immediate ceasefire," after talks mediated by the U.S.
Rumeysa Ozturk returns to Boston after being released on bail
Rumeysa Ozturk, a 30-year-old Turkish doctoral candidate from Tufts University who was detained by ICE, returned to Massachusetts after a judge ordered her release.
Trump fires director of U.S. Copyright Office, sources say
Register of Copyrights Shira Perlmutter was appointed to the post by now former Librarian of Congress Carla Hayden, who herself was fired by President Trump earlier this week.
Arizona Sen. Ruben Gallego says Democrats "did this to ourselves"
In a town hall in Pennsylvania, Sen. Ruben Gallego noted, "We had Joe Rogan. We canceled Joe Rogan."
Ukraine's allies push for 30-day ceasefire, but Putin wants direct talks
Russia's Vladimir Putin is pushing for direct talks with Ukraine as leaders of four major European countries visited Kyiv to attempt to launch peace talks.
Kentucky Derby-winning jockey suspended for excessive riding crop use during race
Junior Alvarado was given a $62,000 fine and suspended for two upcoming racing days for striking Sovereignty eight times with his riding crop during the Kentucky Derby.
Body cam video shows arrest of Newark Mayor Ras Baraka at ICE facility
The Department of Homeland Security released body cam video Saturday showing the moments federal officers arrested the mayor of Newark, New Jersey, at an ICE facility.
4 people shot, including 3 teens, on public bus in Philadelphia
Philadelphia police are investigating after four people, including three teens, were shot while on board a SEPTA bus in Fairmount Park Saturday evening.
U.S.
More U.S.
Survivor's testimony key in helping convict ex-boyfriend of murder
C.C. Opanowski says it's still difficult to process the fact that a person she once loved was convicted of murder. She hopes that others can learn from her story.
Arizona Sen. Ruben Gallego says Democrats "did this to ourselves"
In a town hall in Pennsylvania, Sen. Ruben Gallego noted, "We had Joe Rogan. We canceled Joe Rogan."
Why an oral surgeon became a murder suspect in girlfriend's death
Sarah Harris' mother believes Dr. James Ryan dominated every aspect of her daughter's life, brought her powerful habit-forming drugs, and is therefore responsible for her death.
Trump fires director of U.S. Copyright Office, sources say
Register of Copyrights Shira Perlmutter was appointed to the post by now former Librarian of Congress Carla Hayden, who herself was fired by President Trump earlier this week.
Kentucky Derby-winning jockey suspended for excessive riding crop use during race
Junior Alvarado was given a $62,000 fine and suspended for two upcoming racing days for striking Sovereignty eight times with his riding crop during the Kentucky Derby.
MoneyWatch
More MoneyWatch
Why the U.S.-U.K. trade deal may not be as good as it sounds
President Trump says a new U.S. trade pact with the U.K. can serve as the basis for more trade deals. Economists say that could be a problem.
Chinese exports plunge as U.S. retailers cancel orders over tariffs
Amid steep levies, shipments from China to the U.S. plunged in April, with Chinese exports rerouted to other countries.
Stocks tread water as Wall Street awaits key U.S.-China meeting
Trading was mixed Friday as concerns about the U.S. economy offset signs that the Trump administration will de-esclate its trade war.
Fired CPSC commissioner tells President Trump, "See you in court"
Rich Trumka says he was fired from the Consumer Product Safety Commission after refusing to allow DOGE into the agency.
U.S. tariffs could raise cost of baby products up to $1,000 a year
Parenthood is becoming a lot more expensive with President Trump's tariffs on China and other countries.
Politics
More Politics
Arizona Sen. Ruben Gallego says Democrats "did this to ourselves"
In a town hall in Pennsylvania, Sen. Ruben Gallego noted, "We had Joe Rogan. We canceled Joe Rogan."
Trump fires director of U.S. Copyright Office, sources say
Register of Copyrights Shira Perlmutter was appointed to the post by now former Librarian of Congress Carla Hayden, who herself was fired by President Trump earlier this week.
Trump says U.S. and China negotiated "total reset" in tariff talks
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.
Trump administration must halt some DOGE cuts at 20 federal agencies
A judge is blocking the Trump administration and Elon Musk's DOGE from carrying out sweeping layoffs at over a dozen agencies — at least for now.
Marjorie Taylor Greene says she won't run for Senate against Jon Ossoff
Rep. Marjorie Taylor Greene's decision came days after Georgia Gov. Brian Kemp chose not to seek the Republican nomination.
HealthWatch
More HealthWatch
HealthWatch
Influencer helps fight against some food dyes
This week, the FDA approved three new natural food color additives, a big step in the Trump administration's push to phase out petroleum-based dyes. Adam Yamaguchi has the story.
Their 3 kids kept getting sick. A new gene therapy offered hope
Alicia and Jon Langenhop's three children were each diagnosed with a rare disorder. A clinical trial was "a no-brainer."
FDA approves 3 food colors from natural sources. Here's what they are.
Galdieria extract blue, butterfly pea flower extract and calcium phosphate are three food colors from natural sources the FDA has approved for use in food.
HHS moving to fire probationary employees again, officials say
Many probationary workers at the Department of Health and Human Services had been put on paid leave amid court battles with the Trump administration.
FDA issues warning against "gas station heroin" tianeptine
The FDA is warning the public about "gas station heroin," or products that contain tianeptine, an opioid alternative prescribed as an antidepressant in some countries.
World
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Five fishermen who spent 55 days adrift at sea arrive in the Galapagos Islands
The three Peruvians and two Colombians had been missing since mid-March and were found on May 7 by an Ecuadorian boat called Aldo.
Trump says U.S. and China negotiated "total reset" in tariff talks
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.
At least 62 killed and dozens missing after flooding in eastern Congo
Heavy flooding after torrential rains in eastern Congo washed away villages along the shores of Lake Tanganyika, leaving at least 62 dead.
At least 7 dead after heavy rains overwhelm drainage system in Somalia
Somalia has in the past suffered extreme climate shocks that include prolonged dry seasons that have caused drought and heavy rains.
Diver dies during operation to recover yacht that sank, killing 7
The superyacht sank last year, killing British tech tycoon Mike Lynch, his teenage daughter and five others.
Entertainment
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Book excerpt: "Who Knew" by Barry Diller
In his new memoir, the former TV, film and media executive explains the limitations of too much information - when instinct (for, like, what makes an intriguing Movie of the Week?) may be a better predictor of success.
Broadway's Jeffrey Seller talks new memoir
Jeffrey Seller grew up an outsider, but with his talent, passion and perseverance, he became the ultimate Broadway insider. In his new memoir "Theater Kid," Seller talks about producing some of the biggest musicals of the modern era, including "Hamilton." Dana Jacobson has more.
The Head and the Heart performs "After The Setting Sun"
The Head and the Heart started out as friends playing open mic nights together, but they became a sensation when their self-titled debut took off in 2009. Since then, they have earned a reputation as a must-see live act. Yesterday, the band dropped their sixth album, which is already being praised as a heartfelt return to their roots. In a return visit to Saturday Sessions, here is The Head and the Heart with "After The Setting Sun."
The Head and the Heart performs "Time With My Sins"
The Head and the Heart started out as friends playing open mic nights together, but they became a sensation when their self-titled debut took off in 2009. Since then, they have earned a reputation as a must-see live act. Yesterday, the band dropped their sixth album, which is already being praised as a heartfelt return to their roots. In a return visit to Saturday Sessions, here is The Head and the Heart with "Time With My Sins."
The Head and the Heart performs "Arrow"
The Head and the Heart started out as friends playing open mic nights together, but they became a sensation when their self-titled debut took off in 2009. Since then, they have earned a reputation as a must-see live act. Yesterday, the band dropped their sixth album, which is already being praised as a heartfelt return to their roots. In a return visit to Saturday Sessions, here is The Head and the Heart with "Arrow."
Technology
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Technology
Extended interview: Bill Gates
In a wide-ranging, exclusive interview with "CBS Mornings" co-host Tony Dokoupil, Bill Gates opens up about the end of his career, the future of artificial intelligence, the eventual closing of his foundation, President Trump and more.
Exclusive
5 highlights from Bill Gates' interview with "CBS Mornings"
Bill Gates revealed his plan to give away virtually all of his wealth in an interview with "CBS Mornings" co-host Tony Dokoupil and criticized the Trump administration's aid cuts. Here are some standout moments.
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.
Exclusive
Bill Gates explains why he's giving away virtually all of his wealth
Bill Gates says $200 billion spent over the next 20 years will go toward causes to help save and improve lives around the world. He also criticized the Trump administration's cuts to aid, saying they could lead to more child deaths.
Can AI fight misinformation?
Thomas Costello of American University explains how a new AI chatbot reduced conspiracy thinking among users and what it could mean for the future of online truth-telling.
Science
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Science
Some U.S. cities are sinking, study finds
A new study shows the land under some of the largest cities in the U.S. is sinking. "Land subsidence" is the gradual setting or sudden sinking of the Earth's surface, according to the National Oceanic and Atmospheric Administration. Manoochehr Shirzaei, a co-author of the study, joins "The Daily Report" to discuss.
Rare New Zealand snail filmed laying egg from its neck
The strange reproductive habits of a large, carnivorous New Zealand snail were once shrouded in mystery. Now, footage of the snail laying an egg from its neck has been captured for the first time.
15 years after BP oil spill, Louisiana coast marine recovery still ongoing
In the summer of 2010, panic spread across the region when the Deepwater Horizon oil rig exploded in the Gulf.
Remains of 5,000-year-old "elite woman" found at former garbage dump
The mummy was found in Aspero, a sacred site within the city of Caral that was a garbage dump for over 30 years until becoming an archaeological site in the 1990s.
A massive brood of cicadas will soon emerge. Here's what to know.
A notably large brood of periodical cicadas will emerge from the underground across parts of the eastern U.S. this spring.
Crime
More Crime
Survivor's testimony key in helping convict ex-boyfriend of murder
C.C. Opanowski says it's still difficult to process the fact that a person she once loved was convicted of murder. She hopes that others can learn from her story.
Why an oral surgeon became a murder suspect in girlfriend's death
Sarah Harris' mother believes Dr. James Ryan dominated every aspect of her daughter's life, brought her powerful habit-forming drugs, and is therefore responsible for her death.
4 people shot, including 3 teens, on SEPTA bus in Fairmount Park, police say
It was a traumatizing ride for dozens of people on board SEPTA's Route 15 bus when police say a man pulled a gun from his bag and started shooting inside Saturday night.
Retired IRS agent gets 12 years for scamming elderly California woman out of life savings
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Oregon cold-case likely linked to notorious California serial killer 45 years later
Randy Kraft, who has been dubbed the "Scorecard Killer," is the only person under investigation for the 1980 killing, Oregon police said.
Space
More Space
Soviet-era spacecraft plunges back to Earth after 53 years stuck in orbit
Kosmos 482 was launched by the then-Soviet Union in 1972 as part of a series of missions bound for Venus. But this one never made it out of orbit around Earth, stranded there by a rocket malfunction.
Soviet spacecraft plunging back to Earth
A Soviet-era spacecraft that was meant to land on Venus in 1972 is plunging back to Earth. Marlon Sorge, an executive director at The Aerospace Corporation, joins CBS News with what to expect.
Soviet spacecraft is plunging back to Earth 53 years after launch
A Soviet-era spacecraft meant to land on Venus a half century ago is expected to plunge uncontrolled back to Earth within days.
When, where to see Eta Aquariid meteors as the shower peaks this month
Meteors from the Eta Aquariids, known for their speed and created from space debris originating from Halley's comet, will zoom across the sky as the shower peaks.
Astronaut joins all-female spacewalk 6 years after missing out
An astronaut who missed out on the first all-female spacewalk is getting her chance six years later.
Latest Galleries
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"No Kings": Protesters across country march against Trump, Musk
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
"Hands Off!": Americans across country protest Trump, Musk
Hundreds of thousands took to the streets, in Washington, D.C. and other cities across the United States, in opposition to the policies of Donald Trump, in the largest protests since he returned to the presidency.
Husband pieces together wife's last movements to find out how she was killed
A look into a grieving husband Jan Cilliers' investigative work after his wife Christy Giles and her friend Hilda Marcela Cabrales died after a night out.
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.
Latest CBS News Videos
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Latest CBS News Videos
The Depraved Heart Murder
A surgeon is accused of drugging his girlfriend in order to control her. "48 Hours" contributor Nikki Battiste reports.
Digging into Pope Leo XIV's Creole roots
Pope Leo XIV is preparing to address the faithful in St. Peter's Square. Sunday's mass will be his first as head of the world's Roman Catholics. Katie Weis has more on his background in New Orleans.
Chicago Catholic school students' mock conclave
Students at a Catholic school in Chicago had reason to celebrate during their mock conclave. CBS News Chicago's Noel Brennan has more.
U.S. and Chinese officials meet in Switzerland
The flow of goods from China into the U.S. has slowed dramatically, which could soon mean job cuts, shortages and tough choices for consumers. However, there is progress in the trade war between the two countries. For the first time, negotiators are meeting. Elise Preston has more.
Influencer helps fight against some food dyes
This week, the FDA approved three new natural food color additives, a big step in the Trump administration's push to phase out petroleum-based dyes. Adam Yamaguchi has the story.