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New Storms Threaten Coastal Institutions

Louisiana’s financial institutions were hardest hit, as Gustav drove through the state over the holiday weekend. Louisiana reports it still has more than 1 million without power, including financial institutions. Mississippi Bankers Association assesses the overall reaction and recovery time for institutions as a great improvement over previous disasters. Some institutions along the Gulf Coast have converted their generators to run off of natural gas and now don’t have to wait for fuel deliveries. Mississippi institutions decided to remain open when they saw the hurricane was moving west of the state, and the targeted landfall was in Louisiana.”]

Source: https://www.cuinfosecurity.com/new-storms-threaten-coastal-institutions-a-954

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