Banco Inter shares drop on reported data leak, fintech fears

Reuters reports:

Shares in Brazilian digital lender Banco Inter SA fell as much as 11 percent on Friday amid reports of a data leak and after the central bank suspended operations of rival Neon that triggered concerns about financial technology startups.

Banco Inter units, composed of common and preferred shares, traded 7 percent lower in afternoon trading after plunging as much as 11 percent earlier in the day.

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