Banking & Finance

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

ExxonMobil poised for highest stock price since since 2014

ExxonMobil shares were on track this afternoon for their first record close since 2014,...

Restaurants adding new fees in place of raising menu prices 

Rather than raise menu prices in response to inflation, some restaurants are adding new fees and surcharges to customers’ checks, according to The Wall Street Journal. 

Gov. Edwards vetoes bill critics say enables predatory lending 

Gov. John Bel Edwards has vetoed legislation that supporters said would open up loan opportunities for people who need credit—but that opponents said enabled predatory lending.

Key FMOL official takes job with Sarasota, Florida, health system

Franciscan Missionaries of Our Lady Health System Chief Financial Officer Jeff Limbocker will be the next CFO of Sarasota Memorial Health Care System in Sarasota, Florida, effective Oct. 3, local media report. 

GoAuto sells majority stake to private equity firm

Milestone Partners, a Philadelphia-based private equity firm, has purchased an 80% stake in GoAuto, a low-cost auto insurer.

Moody’s raises Louisiana’s bond credit rating after six years

Louisiana’s bond credit rating has moved up a notch. The new rating by Moody’s Investors...
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House committee passes bill restricting use of disaster aid for recurring state expenses

Legislation to restrict how federal disaster money is used for ongoing expenses in the...

CEO pay up 17% as gap between rank-and-file workers widens 

Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting.

Influential Woman in Business: Jane Verret of Campus Federal Credit Union  

Jane Verret never anticipated she would one day be a CEO and lead a...

Lawsuit against state sales tax collection system dismissed but could be refiled

A federal court has dismissed a lawsuit seeking to overturn Louisiana’s decentralized sales tax collection system, saying it was filed in the wrong venue. 
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