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Stock impact report

Nu Holdings Eyes Global Growth With U.S. Bank Nod And F1 Partnership [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
Nu Holdings (NYSE:NU) has received conditional approval from the U.S. Office of the Comptroller of the Currency to form a new national bank. The company plans to offer banking and digital asset services in the U.S., led by co founder Cristina Junqueira. Roberto Campos Neto, former President of Brazil's Central Bank, has been appointed Chairman of Nu Holdings. Nu has launched a global branding partnership with the Mercedes AMG PETRONAS Formula One Team. Nu Holdings (NYSE:NU), currently trading at $17.75, sits at the center of growing global interest in Latin American fintech. The stock has returned 34.1% over the past year and recorded a very large gain over 3 years, which keeps it on the radar of investors watching the sector. Against that backdrop, these U.S. expansion steps and leadership moves are drawing attention to how Nu positions itself beyond its home markets. For you as an investor, the combination of conditional U.S. bank approval, new senior leadership and a bro Show less Read more
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