Financial Services & Real Estate Headlines

Mastercard gets U.S. DoJ green light for Finicity deal

Mastercard Inc said (https://mastercardcontentexchange.com/newsroom/2020/november/mastercard-statement-on-department-of-justice-approval-of-finicity-acquisition/?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link) on Monday the U.S. Department of Justice has allowed it to move forward with its $825 million deal to buy fintech firm Finicity.

Brazil's Itau mulls XP brokerage stake spin off; earnings fall

Brazil's Itau Unibanco Holding SA said it has been considering spinning off most of its 46% stake in investment platform XP Inc and selling the rest, according to a securities filing on Tuesday. Itau may issue shares equivalent to 41.05% of XP, which has a market capitalization of $23 billion, to form a new entity that would ultimately be listed. Itau, which on Tuesday also reported lower quarterly earnings, could also sell a 5% stake in XP

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