In today’s top news, J.P. Morgan has acquired a 40 percent stake in C6 Bank, a Brazilian digital bank, and the European Banking Authority outlined plans to support open banking adoption. Plus, Facebook closed above a $1 trillion market cap Monday (June 28). J.P. Morgan...
August 29, 2023
J.P. Morgan Chase & Co. has boosted its stake in Brazilian digital bank C6 Bank from 40% to 46%. The financial terms of the deal were not disclosed, Reuters reported Tuesday (Aug. 29), citing a statement released by the banks. This expanded investment comes after J.P. Morgan initially bought a stake in C6 Bank in June 2021. Since the […]
