Banking & Finance

Banks, credit unions, lenders, and the financial institutions serving businesses and consumers across the region.

SEC overhauls certain disclosure requirements for businesses

The U.S. Securities and Exchange Commission voted last week to remove certain disclosure requirements...

PPP borrowers being asked to justify why they needed loans of $2M or more

The Small Business Administration has begun asking some Paycheck Protection Program borrowers to document...

North Baton Rouge property sells for $3M after owner goes bankrupt

Mississippi-based Riverbend Environmental Services LLC has sold its 16-acre property near the U.S. 190 Mississippi River bridge in north Baton Rouge. 

Nexus announces $50K prize for BREW pitch competition 

Nexus Louisiana, with the help of Red Stick Angels, today announced that the investment...

Fraudulent jobless claims continue to plague local eatery, state as a whole

Nearly a month after Louisiana Lagniappe restaurant owner Kevin Ortego complained to the Louisiana...

Legal victory is bittersweet for local Stanford Group victim

the ruling didn’t affect many of the Baton Rouge victims of the Ponzi scheme, who are pursuing separate legal remedies, it did cover local contractor Blaine Smith.
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Tips on PPP forgiveness: It’s a ‘documentation game’

After lenders across the state issued nearly $7.5 billion in loans this spring through the Payroll Protection Program, business owners are starting the loan forgiveness process. 

Louisiana economist says rising bankruptcies signal Wall Street disconnect

There’s a serious disconnect between Wall Street and Main Street, says Peter F. Ricchiuti,...

Chase closing, consolidating local branches in response to changing market 

In response to changes both in the local market and in the industry overall, Chase Bank is in the process of closing and consolidating several of its Capital Region branches.

Claims of PPP fraud, waste and abuse waste overwhelm federal officials

The federal government is swamped with reports of potential fraud in the Paycheck Protection...
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