Report: Nubank Considers Moving Legal Base to UK

Nubank — the digital challenger bank that recently became the most valuable bank in Latin America — reportedly is considering moving its legal base to the United Kingdom.The bank’s holding company, Nu Holdings, has been working with the British government to make the move, Bloomberg reported Wednesday (Nov. 20), citing unnamed sources.The holding company, which is currently based in the Cayman Islands and listed on the New York Stock Exchange, would keep its corporate headquarters in Brazil even if it moves ...