Digital bank N26 closes UK business following Brexit

N26, a Berlin-based digital, or neo bank is closing its UK arm following Britain's withdrawal from the EU at the end of last month. The fintech company-turned-challenger bank said Brexit meant its model of cross-border transfers across different currencies was incompatible with their European banking licence. N26 said the "timing and framework" of the UK Withdrawal Agreement made it impossible to continue.In a statement on its website, the company said: "With the UK having left the EU at the end of January, we will in due course no longer be able to operate in the UK with our European...