NYSE:NUBanks
Nu Holdings US Bank Move Raises New Questions On Growth And Valuation
Nu Holdings (NYSE:NU) has received conditional approval to establish a de novo US national bank, Nubank, N.A.
US regulators granted the conditional approval as part of Nu's effort to expand its presence in the US market.
Roberto Campos Neto, former President of Brazil's Central Bank, has been appointed Chairman of Nubank, N.A.
Co founder Cristina Junqueira is relocating to lead Nu's US operations, signaling a stronger focus on North American growth.
Nu Holdings, trading at $17.02, has seen...