Banking & Finance

Banks, credit unions, lenders, and the financial institutions serving businesses and consumers across the region.

Seven ways to financially prepare for a recession 

Inflation is at a 40-year high. Interest rates are rising. The stock market is...

Mortgage rates see largest jump in 35 years 

Average long-term U.S. mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve

Biden administration proposes barring businesses, high-risk properties from flood insurance program

Businesses would not be able to buy new policies from the taxpayer-backed National Flood Insurance Program under a set of Biden administration proposals. 

Rising interest rates slowing Baton Rouge home sales 

After two years of record-setting activity, there are signs the housing market is cooling off, with 8.5% fewer homes sold in the Capital Region

Louisiana pension system ranks in middle of the pack nationally

A new report shows Louisiana is in the middle of the pack nationally for the health of its public pension program, ranking 28th for risk-free unfunded liabilities, The Center Square reports. 

Congress examines massive fraud involving pandemic aid to small businesses

A congressional panel today will examine payouts under a federal coronavirus pandemic aid program intended to help small businesses
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State auditor questions handling of $5.6B in LWC benefits payments

The Louisiana Legislative Auditor’s Office has questioned the Louisiana Workforce Commission’s handling of $5.6 billion in federally funded benefits payments related to the COVID-19 pandemic. 

Business losses from Russian sanctions top $59B 

Companies around the world have racked up more than $59 billion in losses from their Russian operations

Capital Region mortgage originations down 23% from year ago

Mortgage lending in the Capital Region fell 16.5% in the first quarter of this year compared to the previous three months

State Rep. Scott McKnight first to announce candidacy for treasurer 

Republican Louisiana State Rep. Scott McKnight today announced his candidacy for state treasurer. McKnight has represented District 68 since 2020. 
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