She says the meltdown 15 years ago was a ‘solvency crisis’ as opposed to ‘contagious bank runs.’
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Last wild Atlantic salmon can survive Kennebec River dams, federal agency says
The federal government reviewed the dams because Brookfield Renewables is seeking to relicense 1 of them and amend the licenses for 3 others.
advertisement
Posted inBusiness, Nation & World, News
Stocks rise on Wall Street after big bank deal, moves by regulators
In the U.S., most of the attention has been on smaller and mid-sized banks on fears that falling trust could push their depositors to pull their money all at once.
Posted inBusiness, Nation & World, News
Amazon to lay off 9,000 more employees on top of 18,000 in January
The job cuts would mark the second largest round of layoffs in the company’s history.
Posted inBusiness, Nation & World, News
Banking giant UBS to buy Credit Suisse for $3.2 billion to rein in turmoil
The combination of the two biggest and best-known Swiss banks amounts to a thunderclap for Switzerland’s reputation as a global financial center.
Posted inBusiness, Maine, News, Uncategorized
Ready to rev an electric vehicle? Maine buyers are running into roadblocks
It’s not just how hard it is to find an EV amid pent-up demand; there’s also tight financing and a web of complex tax credits.
Posted inBusiness, Lewiston-Auburn
Auburn pilot project looks to bring back corner markets in neighborhoods
Zoned out in the 1950s and 1960s, these hyper-local stores offered walkable, convenient food sources to communities.
Posted inBusiness, Nation & World
French pension protests mostly calm, as uncollected trash reeks
More labor strikes are planned for Monday in numerous sectors, from transportation to energy.
Posted inBusiness, Nation & World
Pro-Russian voices spread anti-U.S. propaganda about Ohio train disaster on Twitter
The accounts show how easily authoritarian states can exploit social media platforms in an effort to steer domestic discourse.
Posted inBusiness, Nation & World
Heathrow security guards to strike for 10 days over Easter break
The union says workers cannot make ends meet as a cost-of-living crisis continues to affect millions of Britons.