Autor: Fabiana Rolfini

Brokerage firm XP acquires Banco Modal, market concentration increases in Brazil

Founded with the aim of fending off the market concentration in the Brazilian financial services industry, NASDAQ-listed Brazilian brokerage firm XP is pressing ahead with its market consolidation strategy. A few days after acquiring a minority stake in investment information provider Suno, the broker announced it is wholly acquiring investment banking firm Banco Modal. The […]