Tag: online bank

Bunq – Dutch online bank – fined €2.6 million by Regulators for anti-money laundering controls

  • Fine imposed: Bunq, the Dutch mobile-only bank, was slapped with a €2.6 million fine (about $3.04 million) by the Dutch central bank, De Nederlandsche Bank (DNB).
  • Why: The regulator found serious flaws in Bunq’s anti–money laundering (AML) systems. Between January 2021 and May 2022, in four separate cases, Bunq failed to properly investigate and report suspicious financial activity.
  • Repeat issue: These weren’t isolated mistakes—DNB noted that Bunq had a history of similar compliance lapses and hadn’t addressed them adequately, even after previous fines and warnings.

Bunq’s response

  • Bunq disagrees with the ruling and has formally filed an objection.
  • They emphasized that they take their “gatekeeper” role seriously and are using advanced tech to continuously improve their systems and compliance.

via Reuters.

What Do Analysts Think the One Year Price Target is for Nu Holdings (NU)

Analysts have a wide range of price targets for Nu Holdings in the next 12 months. The median price target is $7.85, with a high of $11.00 and a low of $4.00.

Here is a breakdown of the price targets from a few different analysts:

  • Morgan Stanley: $10.00
  • Barclays: $8.00
  • Credit Suisse: $7.50
  • Jefferies: $7.00
  • Evercore ISI: $6.50

These price targets reflect the analysts’ view of Nu Holdings’ growth prospects and valuation. The median price target of $7.85 suggests that analysts believe Nu Holdings is fairly valued at its current price. However, the high price target of $11.00 suggests that some analysts believe the company has the potential to grow significantly in the future.