Reportedly, JPMorgan Chase & Co (JPM) and Brazilian digital bank, C6 Bank have entered into a strategic agreement, where JPMorgan Chase will take a 40% ownership stake in the full-service, subject to regulatory approvals.
Marcelo Kalim, CEO, and co-founder of C6 Bank stated, “Partnering with JPMorgan Chase, a global leader in financial services and a trusted name in retail banking, is a game-changer,” “With their support, we will invest and scale our business in a way that continues to provide Brazilian customers with best-in-class digital banking products to help them accomplish their goals.”
Launched in 2019, C6 Bank offers a full suite of products including multi-currency checking and savings accounts, travel and loyalty programs, debit and credit cards, investment and lending products for individuals as well as banking and payments products for small businesses.
JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, and receive our FREE email updates throughout the week and view our exclusive content and research.