Banking & Finance

Million-dollar home sales in Baton Rouge down 62% in August from year ago

Pending sales of Baton Rouge homes for $1 million or more are down 62% in August compared to the same month last year and down 4% year to date, listing service data shows. 

Companies unloading pension liabilities as interest rates rise 

Rising interest rates are boosting corporate pension plans, providing finance chiefs with an option...

Bernhard Capital-backed United Utility Services acquires BHI Power Delivery

United Utility Services, a Bernhard Capital Partners portfolio company, today announced it has entered...

Gov. Edwards heading to London to talk insurance, watch Saints

As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving...

Medical services facility on Airport Avenue sells for $5.9M to New York investor group

The property that houses Baton Rouge Vascular Access has sold to a New York investment group for $5.9 million

LDI dealt with just 56% of complaints involving hurricane claims in timely manner

The Louisiana Department of Insurance dealt with just 55.9% of complaints filed about the way insurance companies and adjusters were handling residential property claims within 42 days
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CFOs at large US companies forced to revise annual forecasts 

Finance chiefs are finding it harder to peg yearly guidance as they struggle for...

Treasury has spent more than $8B on program aimed at helping small business 

Roughly $8.28 billion in relief funds have been disbursed to 162 community financial institutions across the country, through Treasury’s Emergency Capital Investment Program, officials said Wednesday.

Fed attacks inflation with another big rate hike, with more to follow

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate today by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come

Hunting and fishing booking app Mallard Bay closes $1.8M funding round

Mallard Bay, an online marketplace for booking hunting and fishing trips, today announced the...