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PublishedAugust 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.
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PublishedAugust 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.
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PublishedAugust 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.
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PublishedJuly 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.
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PublishedJuly 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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PublishedJune 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
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PublishedFebruary 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.
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PublishedAugust 20, 2021
Commentary: Updating regulations will help prevent next mortgage meltdown
The rules should be expanded to apply to the internet-based ‘nonbanks’ that are underwriting two-thirds of home loans.
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PublishedMay 6, 2021
Two Maine banks make Forbes’ top 10 list for best U.S. banks
Bangor Savings Bank ranked No. 2 and Camden National Bank ranked No. 7 on the list.
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PublishedApril 1, 2021
These states offer women the worst/best mortgage deals (Maine makes 1 list)
Women paid more than men in every state except Alaska, mortgage startup Own Up found.
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