N26 Focuses On U.S. Expansion As It Abandons The Post-Brexit Britain

German-based mobile bank N26 has announced that it is closing all of its U.K. accounts by April, which will impact several hundred thousand customers. The move is in response to the U.K. leaving the European Union, with N26 explaining that they are no longer able to operate in the country with its European banking license. Instead, it would need to obtain a U.K. banking license once its “passporting rights” expire...