Brokerage XP to Start Bank in Brazil, Open Office in GenevaBy
Plan is to make loans using client investments as collateral
Talks to buy Citigroup retail unit ‘aren’t evolving,’ CEO says
XP Investimentos CCTVM SA, the brokerage backed by General Atlantic, is applying for a bank license in Brazil and opening an office in Geneva, expanding services for its Latin American clients while some competitors retreat.
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