Banking & Finance

Will bond rating agencies give Louisiana an upgrade? 

State officials recently met with four bond rating agencies to make their pitch that Louisiana is more financially sound than it used to be and deserves a higher rating

Breaking down the Silicon Valley Bank failure and what it means going forward 

Two large banks that cater to the tech industry have collapsed after a bank...

Will the Silicon Valley Bank collapse impact Baton Rouge?

While investors around the nation scramble this morning following two bank failures in less than 48 hours, Fidelity Bank and NOLA Lending President and CEO Chris Ferris does not foresee a larger collapse of the industry.

Large companies are benefiting from a tax change they fought 

Tech and pharmaceutical companies say that a recently enacted tax law is reducing their...

How much did Louisiana understate revenues by in 2022?

The Louisiana Department of Revenue understated revenues in its 2022 fiscal report by nearly...

Stanford Group’s victims awaiting payout, but how much will attorneys get? 

Baton Rouge resident Blaine Smith retired early from ExxonMobil in 1999 to focus on building homes, and it was the latter business that enabled him to invest more than $1 million with Stanford Trust.
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Louisiana is among the top 10 most expensive states to own a car 

Businesses that operate a fleet of vehicles don't need to be told that Louisiana...

Fidelity Bank purchases property on Bluebonnet to open branch

Fidelity Bank will open its second Capital Region branch, in the unoccupied former bank building across from the Renaissance Hotel.

Private equity firm acquires JM Test Systems

Chicago private equity investor Kanbrick LLC has acquired Baton Rouge-based JM Test Systems Inc., the firm announced Tuesday.

What small business owners are saying about their economic prospects

Six in 10 owners of small and midsized businesses say they are highly optimistic about their company's prospects despite remaining cautious about the national economy, according to the latest PNC Economic Outlook survey.