Nu says it is not pursuing Monzo transaction amid media speculation

Bitget2026/09/30 20:33

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Nu Holdings rejected media speculation about a potential deal with Monzo, stating it is not pursuing a transaction.
Management reiterated it routinely evaluates partnerships, investments, acquisitions to support growth.
Strategic focus remains Brazil expansion, scaling Mexico and Colombia, building a broader presence via Nu Global.
Capital allocation framework unchanged, with investments assessed on strategic fit, returns versus cost of capital, per-share value creation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nu Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-26-004752), on September 30, 2026, and is solely responsible for the information contained therein.

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Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

智通财经•2026/10/25 10:51