While the turmoil has eased after rising interest rates helped spark a regional-banking crisis earlier this year, local bank stocks have yet to bounce back, following national trends.Â
A shopping center next to the Walmart in Central has been sold to a local broker, according to a deal filed this morning with the East Baton Rouge Parish Clerk of Court’s office.Â
More companies are borrowing against their assets, including inventory and receivables, as finance chiefs look to bolster liquidity amid financial stress from inflation and high interest rates, The Wall Street Journal reports. Â
More than a decade ago, local investors sued Walter Morales and his firm, Commonwealth Advisors, alleging that they were misled about how risky their investments were and how their money was handled, which Morales denied.Â