The president says he would seek to hold those responsible accountable, and he promised that no losses would be borne by taxpayers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Biden approves major oil drilling project in Alaska over protests
The administration, in a move in the other direction toward conservation, earlier said it would bar or limit drilling in some other areas of Alaska and the Arctic Ocean.
advertisement
Posted inBusiness, Food & Dining, Maine, News, Uncategorized
As a Maine distillery grows, so does worry over ‘whiskey fungus’
The black blight is spreading near large distilleries and threatening home values in places such as Kentucky. Now some neighbors of Wiggly Bridge Distillery say the fungus has come to York.
Posted inBusiness, Nation & World
U.S. government moves to stop potential banking crisis
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients would be protected and able to access their money.
Posted inBusiness
From wine country to London, bank’s failure shakes worldwide
It was called Silicon Valley Bank, but its collapse is causing shock waves around the world.
Posted inBusiness
A major bank failed. Here’s why it’s not 2008 again
Fancy tech-focused Silicon Valley Bank was brought down Friday by the oldest issue in banking: a good ol’ run on the bank.
Posted inBusiness, Nation & World
Will it take market crash for Congress to raise debt limit?
Republicans and Democrats have been dancing around each other about the need to raise the government’s legal borrowing authority.
Posted inBusiness, Community
Kennebec Savings promotes Amanda Cooley
AUGUSTA – Kennebec Savings Bank President and CEO Andrew Silsby has announced Amanda Cooley’s promotion to vice president and marketing and communications officer. In her new role, Cooley is responsible for overseeing the bank’s marketing, communications and community giving initiatives. Cooley joined the bank in 2018 as the corporate giving and community relations coordinator. Most […]
Posted inBusiness, Nation & World
Another U.S. hiring surge: 311,000 jobs despite Fed rate hikes
The central bank’s next decision will rest heavily on Tuesday’s consumer price index report.
Posted inBusiness, Nation & World, Politics
In rift with Biden, Manchin vows to block oil, gas nominee
Alaska’s two GOP senators criticized what they consider Laura Daniel-Davis’ lukewarm support for drilling on public lands.