Pinnacle West Capital will pay $7 million to settle allegations that it violated federal law by shortchanging certain retirees by using outdated mortality data in calculating payment formulas.

Paul Kelly, formerly of DWS Group, has joined Bain Capital as chief operating officer of the firm’s credit business.

The board of the $558.2 billion California Public Employees’ Retirement System, Sacramento, approved the measure to support the legislation during a July 16 offsite in Monterey, Calif.

House Republican leaders’ plan to pass three industry-backed crypto regulatory measures appeared to be back on course after President Donald Trump said he had convinced holdout conservatives to move ...