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Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
The Federal Reserve is expected to announce another round of interest rate hikes on Wednesday. Colby Smith, U.S. economics editor for the Financial Times, joins CBS News to discuss how the Fed's potential decision is tied to the banking crisis.
A surge in grocery costs combined with the end of pandemic programs is causing a spike in hardship, a new study finds.
Stocks closed higher on Monday after coordinated action from the Federal Reserve and other leading central banks to restore confidence in the banking system. Chief economist at the Conference Board, Dana Peterson, joins CBS News's John Dickerson to discuss.
First Republic Bank saved from collapse; Men's NCAA basketball tournament tips off.
Signature Bank's collapse is considered the third-largest bank failure in U.S. history.
At the height of the Great Recession, Scott Pelley reported on the lengths the federal government will go to protect bank depositors.
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.
Missed the second half of the show? The latest on the "contagion effect" if people lose confidence in banks; Podcast co-hosts Swisher and Galloway on the "two Americas in Silicon Valley" and "more and more evidence" that China is supporting Russia.
Sen. Elizabeth Warren tells "Face the Nation" that she is calling for Congress to introduce more regulation for the banking industry after the two banks failed earlier this month. "I think lifting the FDIC insurance cap is a good move," she 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.
This week on "Face the Nation with Margaret Brennan," interviews with Sen. Elizabeth Warren and Rep. Patrick McHenry on the prognosis for the banking industry, plus Robert Costa on the latest Trump news.
CBS News business analyst Jill Schlesinger talks the bank crisis and what you need to know.
The markets remained unstable a week after the second-largest bank collapse in history. Regulators have been criticized, and President Joe Biden has asked Congress to expand his authority to crack down on those who contributed to the crisis. Christina Ruffini reports.
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.
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.
Eleven of the nation's biggest banks rescued regional lender First Republic Bank with a $30 billion bailout after questions about the San Francisco-based bank caused its stock price to tumble this week. CBS News congressional correspondent Scott MacFarlane reports.
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.
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.
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.
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 pandemic brought on many changes to the workplace, and while many of the COVID-19 policies have ended, working from home is something many employees hope sticks around. As part of CBS News "Prime Time" series "The Shifting Workplace," we speak to LinkedIn principal economist Guy Berger about what workers want and if those trends will continue.
The murder of Charlie Kirk last week follows a litany of violent acts against political targets. Historian Jon Meacham talks about the existential questions now facing America.
Tyler Robinson, 22, was arrested on charges of aggravated murder, obstruction of justice and felony discharge of a firearm for the assassination of Charlie Kirk.
The 2025 Emmy Awards are honoring the best in television. See the full list of winners and nominees.
Desmond Holly and several school shooters in the past year were active on the same website, the ADL says.
In a joint segment with Republican Sen. James Lankford, Democratic Sen. Chris Coons said amid efforts to foster bipartisan discourse, the internet "is driving extremism in our country."
The strike on the Kirishi refinery, in Russia's northwestern Leningrad region, follows weeks of Ukrainian attacks on Russian oil infrastructure that Kyiv says fuels Moscow's war effort.
Rep. Michael McCaul, a foreign policy leader who had strongly supported Ukraine, warned Sunday that Russian President Vladimir Putin is "testing the resolve of NATO."
The device had been lit but "failed to function as designed," a Unified Fire Authority Investigations officer wrote in affidavits of probable cause.
Venezuela's foreign ministry said nine fishermen were "illegally and hostilely" detained on Friday by the USS Jason Dunham.