The heaviest losses are focused on smaller and midsize banks, which are seen as more at risk of having customers try to pull their money out en masse.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inNation & World, News
Biden says Jimmy Carter has asked him to deliver his eulogy
Former President Jimmy Carter, who at 98 is the longest-lived U.S. president, announced Feb. 18 that he would spend his remaining days at home receiving end-of-life care.
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Posted inNation & World, News
Alaska oil project approval adds yet another climate concern
Attorneys representing environmentalists and an Alaska Native group filed a lawsuit Tuesday asking a federal judge to block Willow’s approval.
Posted inNation & World, News
Massive mounds of messy seaweed head for Florida beaches
Every year for the last 5 years has set a new record for the biggest blob ever.
Posted inNation & World
New atmospheric river pushes into swamped California
So far this winter, the state has been battered by 10 atmospheric rivers.
Posted inNation & World, News
San Francisco reparations idea: $5 million per Black person
California became the first state to form a reparations task force but is still struggling to put a price tag on what’s owed.
Posted inBusiness, Nation & World, News
$2.5 billion in grants for electric vehicle chargers aim at underserved U.S. areas
The Department of Transportation didn’t say how many stations it expects to build over the next five years.
Posted inBusiness, Nation & World, News
Is my money safe? What you need to know about bank failures
Nearly all banks are FDIC insured. Credit unions are insured by the National Credit Union Administration.
Posted inNation & World, New England, News
Late-winter storm pummels Northeast with heavy, wet snow
More than 400 flights traveling to, from or within the U.S. were canceled Tuesday, with Boston and New York City area airports seeing the highest number of scrubbed flights.
Posted inMaine, Nation & World, News
EPA proposal would tighten limits on PFAS in Maine water
While Maine’s drinking water standards are already forcing many water providers to install treatment systems, the proposed national limits are even stricter and would force more suppliers to filter drinking water or find new sources.