The most pressure is on the regional banks a couple steps below in size of the massive, ‘too-big-to-fail’ banks that helped take down the economy in 2007 and 2008.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
After 2nd collapse, Biden says U.S. can have confidence in banks
The president says he would seek to hold those responsible accountable, and he promised that no losses would be borne by taxpayers.
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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.
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Vice President Harris to visit Africa in latest U.S. outreach
Vice President Kamala Harris plans to travel to Africa at the end of March as the United States seeks to pitch itself as a better partner for the continent than China is.
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 inNation & World, News, Uncategorized
Sister grieves for American killed in Mexico kidnapping
Even before she viewed footage of the ambush that quickly circulated online, Zalandria Brown said she began to have a sickening feeling that her brother was gone.
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Russian advance stalls in Ukraine’s Bakhmut, think tank says
The U.K. Defense Ministry said Sunday that the impact of the heavy casualties Russia is continuing to suffer in Ukraine varies dramatically across the country.
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3D-printed rocket remains grounded after more launch aborts
CAPE CANAVERAL, Fla. — A rocket made almost completely of 3D-printed parts came within a half-second of blasting off Saturday on its debut flight, but remained grounded after back-to-back launch aborts. The engines ignited, but abruptly shut down, leaving Relativity Space’s rocket, named Terran, standing on its pad. Launch controllers reset the countdown clocks and […]
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Japan marks 12 years since tsunami and nuclear disaster
Meanwhile, concerns grow ahead of the planned release of the treated radioactive water from the wrecked Fukushima nuclear plant.
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Police: Stalker kills woman, husband in Seattle-area home
The suspect, who also killed himself, began communicating with one of the victims after listening to her podcasts, police say.