Economy

News + Notes

Maybe Lafayette isn’t so cheap?

Lafayette’s median-cost ratio — how much of their income renters spend on housing — is roughly the same as Houston’s and higher than Austin’s.

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Link to cnn.com First Horizon stock tumbles 50% after TD Bank merger collapses (opens in new window)

First Horizon and TD Bank have called off a $13 billion deal that would have formed America’s sixth-largest bank, adding to the turmoil sweeping the country’s regional lenders.

Caught up in the worst banking crisis since 2008, First Horizon (FHN)’s share price has plunged about 40% over the past couple months, falling well below the $25 per share that TD offered when the takeover was announced in February 2022.

Source: CNN

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