CITIC Capital Acquisition Corp. Announces Pricing of Upsized $240 Million Initial Public Offering

NEW YORKFeb. 10, 2020 /PRNewswire/ — CITIC Capital Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 24,000,000 units, upsized from 20,000,000 units, at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CCAC.U” beginning on February 11, 2020. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each warrant whole exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on the NYSE under the symbols “CCAC” and “CCAC WS,” respectively. The offering is expected to close on February 13, 2020. Continue reading

FOMC Statement Regarding Repurchase Operation

In accordance with the FOMC Directive issued July 31, 2019, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct an overnight repurchase agreement (repo) operation from 9:30 AM ET to 9:45 AM ET today, September 17, 2019, in order to help maintain the federal funds rate within the target range of 2 to 2-1/4 percent.

This repo operation will be conducted with Primary Dealers for up to an aggregate amount of $75 billion. Securities eligible as collateral in the repo include Treasury, agency debt, and agency mortgage-backed securities. Primary Dealers will be permitted to submit up to two propositions per security type. There will be a limit of $10 billion per proposition submitted in this operation. Propositions will be awarded based on their attractiveness relative to a benchmark rate for each collateral type, and are subject to a minimum bid rate of 2.10 percent.

Colleen Atkinson to Head California Bank of Commerce Professional Banking Division

Oakland, CA., June 29, 2018 — California BanCorp (OTCQX:CALB), the holding company for California Bank of Commerce, a San Francisco Bay Area business bank, today announced that industry veteran and former executive Colleen Atkinson will return as Executive Vice President to lead its new Professional Banking Division. The Professional Banking Division provides custom liquidity and credit solutions to clients in the legal, accounting, insurance and not-for-profit industries.

“We are very excited to welcome Colleen back to California Bank of Commerce to head up the Professional Banking Division,” said California Bank of Commerce President and CEO Steven E. Shelton. “She understands the importance of digging below the surface and truly understanding the challenges and needs of professional services firms to ensure California Bank of Commerce is their trusted advisory partner.”

Ms. Atkinson has more than 25 years of experience in corporate banking, with an emphasis in deposit and treasury services; debt financing; investment advisory and securities trading; and risk management and analytics. Most recently, she was a Senior Corporate Banking Manager at HSBC Bank USA, N.A. where she focused on mid-corporate banking. From 2012-2017, she served as a Senior Vice President for California Bank of Commerce. Continue reading