Cathay General Bancorp (CATY) Monday said it began an underwritten public offering for gross proceeds up to $100 million in shares of its common stock. The company has granted the underwriters a 30-day option to purchase up to an additional $15 million in shares of its common stock to cover over-allotments, if any. The Offering will be made pursuant to a prospectus supplement to the Company's prospectus dated November 19, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.