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Nubank denies Monzo acquisition talks; shares surge in NY
Valor Econômico·BR · GB · US·about 16 hours ago
Nu Holdings' stock fell 8.99% to ~US$12 after reports of a potential acquisition of UK-based Monzo Bank. The market is pricing in execution and regulatory risks of a cross-border expansion. The deal is unconfirmed, and uncertainty centers on valuation and strategic fit.