Wall Street has been hunting for other possible weak links in the system, which could see a swift exodus of customer deposits as the industry contends with much higher interest rates.
Business
Business news and information from the Portland Press Herald.
Lawmakers mull bill to limit nurse-to-patient ratios in Maine hospitals
The legislation is intended to reduce the patient load for overworked nurses, but hospital officials say the bill would do nothing to address a shortage of clinicians.
Mexican brand counterfeiting reaches new heights: Coca-Cola
A raid at a Mexico City property found thousands of bottles bearing the Coca-Cola brand, some filled with what prosecutors called ‘supposed’ cola.
The banking crisis isn’t over. But how bad will it get?
Markets do not appear to have been reassured by prominent names in finance who say instability in the banking sector ended with the takeover Monday of First Republic Bank, the third bank failure in short order.
Explosion rips roof off Massachusetts pharmaceutical plant; worker killed
Authorities said there was no threat to the local population or to homes near the Newburyport building, but fire officials told employees who work in the industrial park where the facility lies to stay away.
Train track in Belgrade washed out as state, railroads repair storm damage
Sunday’s storm, which dumped up to 5 inches of rain in central Maine, has caused washouts and other damage to tracks across the state.
Monument Square art market returning for second season
Artists, makers and other vendors will set up Fridays in downtown Portland, starting next month.
A fresh batch of food trucks opens restaurants
Emboldened by their successes and encouraged by their customers, several area food truck operators are opening brick-and-mortar spaces this season.
Maine Behavioral Healthcare adds Stephanie LeBlanc as senior director
NEW HIRES Stephanie LeBlanc has joined Maine Behavioral Healthcare, a part of the MaineHealth system, as senior director of behavioral health systems and integrated services. For the past nine years, she served as executive director of Oxford County Mental Health Services, where she devoted much of her time to working with schools and law enforcement […]
Secretary of state issues reworded power referendum question
Shenna Bellows’ revision came after courts took issue with the use of the term ‘quasi-governmental’ in the original wording of the referendum question.