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UBS Swap Costs New Jersey Bridge Agency $3.6 Million (Update1)

UBS Swap Costs New Jersey Bridge Agency $3.6 Million (Update1) March 3 (Bloomberg) — Delaware River Port Authority , the operator of four toll bridges and a commuter rail line between Philadelphia and southern New Jersey , paid UBS AG $3.6 million since Jan. 1 to hedge interest rates on bonds that don’t yet exist. [...]

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AG shuts debt settlement operation, seizes $12 million

AG shuts debt settlement operation, seizes $12 million The Attorney General’s Office and the Alabama Securities Commission announced the permanent shutdown of one of the largest debt settlement schemes in the nation, which had been operated in Prattville by a local attorney. Read more on WSFA 12 Montgomery

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Springfield City Council to weigh $21.5 million bond proposal

Springfield City Council to weigh $21.5 million bond proposal The City Council appears ready tonight to authorize up to $21.5 million in special obligation bonds despite having to wait until Tuesday for the city to know the interest rate it could secure. Read more on The Springfield News-Leader

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IFC $100 Million Investment in Lebanon’s Byblos Bank Increases Access to Finance

IFC $100 Million Investment in Lebanon’s Byblos Bank Increases Access to Finance Beirut, Lebanon, January 27, 2010–IFC, a member of the World Bank Group, today announced a $100 million equity investment in Lebanon’s Byblos Bank to help increase access to finance for small and medium enterprises and to expand the bank’s operations to frontier countries [...]

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