Banking & Finance

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

Uncertain project economics can put a contractor’s profitability at risk. Here’s how some are navigating it

An industrial contractor’s ability to maintain a healthy profit margin can be tenuous, at...

Raising Cane’s sells $500M of junk bonds in debut offering

Raising Cane’s Chicken Fingers sold $500 million of junk bonds Wednesday after receiving strong demand from investors that let it cut the yield it is paying on the debt, Bloomberg reports.

How Baton Rouge’s public companies fared in the third quarter

As the year winds down, public companies are releasing their Q3 quarterly reports.

Big companies pushing back on proposed financial disclosure standards

Executives at large public companies are concerned about the Financial Accounting Standards Board’s plan...

Local banks see deposits increase Q3

Deposits increased at Baton Rouge-area banks for the third quarter, which ended Sept. 30, signaling clients’ confidence in local banking institutions after the tumultuous spring.

Bernhard Capital agrees to buy Entergy’s gas distribution business

Baton Rouge-based Bernhard Capital Partners has agreed to buy Entergy’s gas distribution business for about $484 million, the companies announced today.

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US consumers keep spending despite high prices, but can it last?

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.