Oaktree Capital to Appoint New Leadership at Firm

Robert O'Leary and Armen Panossian are to serve as co-chief executive officers at the credit-investing giant. 


 
Bank of Montreal Forced to Pay Hefty Interest on $564 Million Ponzi Verdict

A district court ruled that BMO Harris must pay pre-and-post-judgment interest on a verdict that the bank aided and abetted a Ponzi scheme conducted by convicted felon Thomas Petters. 


 
Sam Bankman-Fried Loses Bid for Dismissal of Criminal Charges

A federal judge denied the FTX founder's request to dismiss most of the criminal charges he faces over the collapse of the crypto exchange, setting the stage for him to go to trial in October. 


 
American Express Promotes Deputy CFO to Finance Chief

Christophe Le Caillec will become the credit card company's chief financial officer on Aug. 14, succeeding Jeffrey Campbell who is set to retire. 


 
ECB Likely to Hike Rates in July: Lagarde

Central bank president warned that recent economic shocks were still working their way through Europe's economy. 


 
Online Real-Estate Debt Provider Peer Street Files for Bankruptcy

California-based company said reduced mortgage demand and scarcer venture-capital funding are reasons for its chapter 11 filing. 


 
Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

Move follows cease-and-desist order as regulator points to shortfall of roughly $83 million in customer funds. 


 
'Greedflation': IMF puts blame for rise in prices on corporate greed

The International Monetary Fund says that actually it's corporate profits, not labor costs, driving inflation higher, in the euro area. 


 
Brokerage Firm Wants to Use Exemption to Trade Crypto

Prometheum's plan involves the use of an exemption that regulators created 50 years ago to permit trading of shares that were restricted. 


 
Private-Equity Giants Settle for Bite-Size Deals

Blackstone, KKR and other buyout firms are using their record war chests to snap up smaller companies in deals that typically are easier to accomplish.


(END) Dow Jones Newswires

06-28-23 0015ET