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C6 Digital Bank Achieves Profit
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JPMorgan-backed Brazilian digital bank C6 achieves its first profit in Q1 2024, driven by revenue growth and reduced credit losses from safer loan types. JPMorgan considers upping its 46% stake, while C6 eyes continued Brazil focus.
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How might C6's profit milestone impact the competitive landscape of digital banking in Brazil?
What challenges and opportunities could C6 encounter by limiting its expansion to Brazil and not exploring other Latin American markets?
What factors could drive JPMorgan to increase its stake in C6, and how might this influence the bank's operations?
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