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August 20, 2022
Finance Technologies

German challenger N26 pulls out of UK ‘over Brexit’

N26, the German challenger bank with five million global customers, has decided to pull its operations out of the UK and has cited Brexit as the reason. “With the UK having left the European Union (EU) at the end of January, we will in due course no longer be able to operate in the UK with our European banking licence,” the company’s statement reads. Existing UK accounts will be closed on 15 April 2020. Operating under “passporting” rules in the UK since October 2018 after the country’s EU referendum, N26 has never applied for a UK banking licence. Without one…
German challenger N26 pulls out of UK ‘over Brexit’

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