Banking & Finance

Most of the money the 18,000 investors put in—the Baton Rouge office alone wrote an estimated $2 billion worth of bogus certificates of deposit—is likely long gone.

The final act of the Stanford Group scandal seems to be playing out 14 years after the Ponzi scheme financially and emotionally ravaged the lives of so many Baton Rouge investors.

America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates.

When Mimi Singer Lee, the chief human resources officer for b1Bank, came over from LSU, she was leaving an organization with some 5,000 employees for one with only about 150. 

For small suppliers, slow payments from large companies can be costly. But now, a cohort of corporations have come together to try to balance payment terms so that small firms are treated more equitably, Inc. reports. 

Getting rid of the Louisiana personal income tax will require a complete overhaul of how we've done business for nearly a century.

Louisiana should be one of the best places in the country for entrepreneurship because the characteristics its residents are known for—creativity, originality and resilience—also are hallmarks of the most successful entrepreneurs, Gayle Benson said today. 

The Federal Reserve reinforced its fight against high inflation today by raising its key interest rate by a quarter-point to the highest level in 16 years.

Poised to raise interest rates today for a 10th time, Federal Reserve officials are...

Mimi Singer Lee, executive vice president/chief human resources officer at b1Bank, is a 2023 Influential Women in Business honoree.