NasdaqGS:INTRBanks
Inter & Co (INTR) Is Down 5.5% After Miami Branch Launch And Card Issuance Shift – Has The Bull Case Changed?
Inter & Co has opened its state-licensed U.S. branch in Miami, authorized by the Federal Reserve and the Florida Office of Financial Regulation, marking an expansion of its regulated presence to directly offer banking products and support cross-border clients in the United States.
A particularly important aspect of this move is Inter’s ability to issue its own cards and migrate about 5.50 million global account clients onto the new U.S. structure, aiming to sharpen its international...