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International Business Times
International Business Times
Business

Nubank Is Reportedly Eyeing a British Digital Bank. Its Stock Plummeted.

Nubank Monzo Europe United States
Nubank stocks are plummeting on Monday following a report that it is considering acquiring a British digital bank. (Credit: Reuters / BRENDAN MCDERMID)

Nubank stocks are plummeting on Monday after a report detailed that the Brazilian bank is considering a move that would give it a foothold in Europe.

The bank's stock was falling more than 8.5% at 2:03 p.m. on Monday after Bloomberg detailed that it is looking to acquire British digital bank Monzo Bank.

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