News list for "Big four banks"
Representatives from Tether and Circle plan to meet executives from South Korea's four largest financial groups, who are expected to discuss potential partnership opportunities, the issuance of won-backed stablecoins and the issuance of dollar-backed stablecoins in South Korea. Kim Woo-dong, chief executive of Shinhan Financial Group, and Ham Yong-ju, chief executive of Asiana Financial Group, have reportedly arranged to meet with Circle's president on Friday, while Mr. Ham is also scheduled to ...
According to Yonhap News Agency, South Korea's four largest banks (Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank) are accelerating preparations for a stablecoin offering. The banks plan to meet with Heath Tarbert, CEO of Circle Corporation (the issuer of the stablecoin USDC), this month to discuss cooperation on the circulation of US dollar stablecoins in South Korea, international remittances, and the issuance of Korean won stablecoins. In addition, KB Financial Group has turned the "st...
Australia's four largest banks all forecast the Reserve Bank of Australia will cut interest rates by 25 basis points today, but they are divided on the bank's move after the rate cut. Australia's two largest banks, Commonwealth Bank of Australia and Westpac, believe the RBA will cut interest rates a total of four times by the end of the year, which will bring the cash rate down to 3.35% by December. Of the big four banks, National Australia Bank was the last to join the consensus that interest r...
