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banking

Published
August 26, 2022

Chairman Powell says Fed could keep lifting rates sharply ‘for some time’

Stocks tumbled after Jerome Powell's remarks, and bond yields rose, a sign that investors foresee more large interest rate hikes ahead.
Published
August 18, 2022

Bank of America’s overdraft fees down 90% under new policy

Revenue is down after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.
Published
August 1, 2022

Longtime Maine-based commercial banker announces retirement

Raymond "Chip" Kelly, KeyBank Maine market president, plans to retire in November after a more than 37-year career, 30 of which have been spent in Maine.
Published
July 25, 2022

Fed set to impose another big rate hike to fight inflation

Despite conflicting signs, for now the Federal Reserve is focused squarely on its inflation fight, and this week it’s set to announce another hefty hike in its benchmark interest rate.
Published
July 7, 2022

Brian King named Bank of America Maine president

King will oversee the bank's operations and philanthropic giving in the state.

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Published
June 26, 2022

Maine’s marijuana industry booming no thanks to banks

Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution
Published
April 30, 2022

Another View: Commodities traders shouldn’t need a taxpayer bailout

Central banks are reluctant to provide emergency financing, and for very good reason.
Published
April 23, 2022

The humble Farmer: Press ‘1’ to be connected with absolutely nobody

As I try to settle my brother’s estate, state-of-the-art banking technology is no help at all.
Published
February 1, 2022

Maine banks team up to launch worker recruitment campaign

Amid the state's labor shortage, Maine banks are struggling to hire enough workers to meet their needs.
Published
December 22, 2021

Commentary: The Fed’s pivot on inflation, unemployment is the opposite of hawkish

The central bank’s policy stance is actually much more dovish than it was a year ago. This doesn’t bode well for the economy.