Nu, one of the largest digital financial services platforms in the world, announces the expected appointment of former Brazilian Central Bank president Roberto Campos Neto to its Management Team and to the Board of Directors of Nu Holdings, effective on July 1, after completing a six month cooling off period as determined by the Brazilian legislation.
Nu Mexico, a subsidiary of Nubank, announced today the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to transform into a bank, opening the path to increased competition in the Mexican financial sector. This milestone brings the company closer to expanding its product portfolio, including the introduction of a payroll account, a key opportunity to increase financial inclusion in Mexico where only 36% of adults have this financial instrument (National Financial Inclusion Survey, 2024), with 90% concentrated in just four banks.
Warren Buffett's anti-Bitcoin (CRYPTO: BTC) rhetoric has long been discussed in market circles, with many trying to comprehend why one of the world's most valuable assets failed to impress the "Oracle of Omaha."
