Business - Portland Press Herald

Treasury Secretary Yellen tells Congress U.S. banking system ‘remains sound’

by FATIMA HUSSEIN Associated Press March 16, 2023March 16, 2023

In less than a week, Silicon Valley Bank, based in Santa Clara, California, failed after depositors rushed to withdraw money amid anxiety over the bank’s health.

Business, Nation & World, News

U.S. housing starts exceed forecast on multifamily construction

by Reade Pickert Bloomberg March 16, 2023March 16, 2023

The pickup points to signs of budding optimism that the worst of the housing rout may be near.

Business, Maine, News, People on the Move

Northern Light Mercy Hospital expands cardiology services with 2 hires

March 16, 2023January 8, 2026

NEW HIRES Northern Light Mercy Hospital has added two physicians to its cardiology services in Portland: Dr. Aline Iskandar and Dr. Adam Karpman. Iskandar earned her M.D. from the University of Southern Denmark, where she also did postdoctoral training at Odense University Hospital. She later completed a residency in internal medicine at the University of Connecticut […]

Business, Nation & World

Credit Suisse to borrow more than $53 billion from Swiss central bank

by Jeanne Whalen, Rachel Lerman and Steven Mufson The Washington Post March 15, 2023March 15, 2023

The Swiss central bank signals that Credit Suisse is not in immediate peril, but its announcement adds uncertainty about global-bank stability in the wake of Silicon Valley Bank’s collapse.