Banking & Finance

IRS halts business tax credit processing as it deals with fraudĀ 

The Internal Revenue Service says it will not process any new Employee Retention Tax Credit Claims from businesses this year as it continues to crack down on fraudulent claims, Inc. reports. Ā 

Blue Cross policyholders aren’t entitled to profit from the pending sale, but this group might

While Blue Cross and Blue Shield of Louisiana covers some 1.9 million Louisiana residents, only about 92,000 will get to vote on the potential sale of the company to Elevance Health.

Here’s the latest Bernhard Capital Partners portfolio acquisition

Bernhard Capital Partners-owned power plant services provider Allied Group Holdings today announced that it has acquired Virginia-based Dominion Engineering Inc.

Federal court hears arguments regarding FEMA’s controversial Risk Rating 2.0Ā 

A federal judge heard Tuesday from 10 states and 43 parishes as the Pelican State and others try to stop a new flood risk map that could hit homeowners in the pocketbook.

Camping analogy used to describe Fed’s delicate handling of inflation

A new monetary policy metaphor from Dallas Fed president Lorie Logan helps explain where...

A look at who in Baton Rouge received the most restaurant recovery money

A Walk-On’s Sports Bistreaux franchisee was awarded the most money among Baton Rouge applicants as part of a controversial federal grant program aimed at helping restaurants weather the pandemic.Ā 
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See how Capital Region banks are adjusting their lending practices

As regional and community banks across the nation increasingly tighten their loan standards, Baton Rouge-area financial institutions are assessing their own lending practices with regard to risk.Ā 

How each gubernatorial candidate plans to handle the expiring sales tax

The next governor of Louisiana will almost immediately be forced to deal with the loss of $500 million in state revenue when the temporary .45-cent sales tax expires in 2025

New insurance commissioner defends ā€˜reforms’ that failed to lower auto rates

Louisiana lawmakers recently have enacted several changes to how the state’s legal system handles vehicle wrecks that have not led to the lower auto insurance rates supporters promised.Ā 

Health care likely to be the next driver of inflationĀ Ā 

Inflation may be slowing across the U.S. but health care prices are continuing to...