Brazil's largest lenders are gaining ground in the investment-banking sector, driven by a rise in private-credit funds and record local bond sales. Bank of America has dropped to third place in market rankings, while JPMorgan Chase also saw a decline, as local giants Itau Unibanco and Banco BTG Pactual strengthen their positions.
Bitpanda GmbH, a cryptocurrency exchange backed by billionaire Peter Thiel, is considering options such as a potential initial public offering in Frankfurt. The Vienna-based firm is collaborating with Citigroup and JPMorgan Chase and may also explore a sale, with a valuation potentially exceeding $4 billion.
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