Nubank halts Monzo acquisition talks after sales plunge

Brazilian banking giant Nubank has reportedly scrapped negotiations to acquire UK neobank Monzo, less than a week after news of the talks emerged. The halt follows a sharp plunge in Monzo's sales.

• Acquisition talks for Monzo were scrapped less than a week after they surfaced
• The buyer was Brazilian banking giant Nubank
• The halt follows a sharp plunge in Monzo's sales