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-5.35188654001189E-05 0.000535188654000429 -0.00481669788600481 -0.00374632057800376 -0.00321113192400333 -0.00267594327000271 0.00293283382392294 0.00401391490500398
Stock impact report

Nu Secures Approval to Establish US National Bank [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
customers, today announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) of the United States for the formation of a de novo national bank, Nubank, N.A.The conditional approval represents a milestone in the company's long-term strategy to expand its operational footprint and product offerings in the United States. Once fully approved, the national bank charter will allow Nu to operate under a comprehensive federal framework, facilitating the launch of deposit accounts, credit cards, lending and digital asset custody. "This approval isn't just an expansion of our operation; it's an opportunity to prove our thesis that a digital-first, customer-centric model is the future of financial services globally. While we remain fully focused on our core markets in Brazil, Mexico, and Colombia, this step allows us to build the next generation of banking in the United States," says David Vélez, founder and CEO of Nu Holdings. The US organiza Show less Read more
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