Inter&Co does not have exposure to Silicon Valley Bank
Inter&Co (Nasdaq: INTR) announces no exposure or business ties with the recently troubled Silicon Valley Bank.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Inter&Co (Nasdaq: INTR) announces no exposure or business ties with the recently troubled Silicon Valley Bank. This assurance comes amid rising market concerns over the stability of financial institutions.
As the holding company for Banco Inter, Inter&Co serves over 25 million customers in Brazil and the US, offering banking, investment, insurance, and credit services, in addition to a digital marketplace.
Positive
- No exposure to Silicon Valley Bank, reducing risk amid financial instability.
- Strong customer base of over 25 million in Brazil and the US.
- Diverse service offerings including banking, investments, and insurance.
Negative
- None.
Details
News Market Reaction – INTR
The recorded move for INTR in the trading session of this news was -6.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BELO HORIZONTE, Brazil, March 13, 2023 (GLOBE NEWSWIRE) -- Inter&Co, INC (Nasdaq: INTR e B3: INBR32) (“Inter&Co” ou “Company”) informs its shareholders and the market that the Company and its subsidiaries do not have any exposure or business relationship with Silicon Valley Bank.
About Inter&Co
Inter&Co is the holding company of Inter Group and indirectly holds all of Banco Inter’s shares. Inter is the premier Super App providing financial and digital commerce services to more than 25 million customers in Brazil and the US. We offer a complete range of solutions, including banking, investments, credit, insurance and cross-border services, in addition to a marketplace that brings together the best retailers in Brazil and the United States.
Contacts:
Grayling
Lucia Domville / Fabiane Goldstein
M +1 646. 824.2856/ +1 945.625.4793
lucia.domville@grayling.com / fabiane.goldstein@grayling.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.