Business

Office of Attorney General recoups more than $400,000 in restitution for Maryland State Retirement System

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh announced on Monday that the Maryland State Retirement and Pension System has received $405,208.53 in restitution from Union Bank of Switzerland (UBS). In addition, the Attorney General’s Office received $296,000 as payment for its work on the related investigation into fraudulent conduct by major banks involving the manipulation of the LIBOR benchmark interest …


Business, Politics

AAA-rated Harford County bonds sell at historically low rates; funds borrowed for schools, roads, environmental projects

HARFORD COUNTY, MD—Harford County held its annual bond sale on Tuesday, borrowing funds at the lowest interest rates in county history to pay for capital improvement projects. The county sold $40 million in consolidated public improvement bonds at 2% to winning bidder R.W. Baird & Co. The bonds will fund more than 70 projects including school facilities, roads, watershed restorations, …