N26’s US Failure: A Lesson For All Challenger Banks, Not Just Those From Europe
Germany-based challenger bank N26 announced it will close its US operations. Some industry observers have chalked up N26’s US failure to reasons like “global banking is hard,” and “the US is a hostile regulatory environment.” That’s not it.
Germany-based challenger bank N26 announced it will close its US operations. Some industry observers have chalked up N26’s US failure to reasons like “global banking is hard,” and “the US is a hostile regulatory environment.” That's not it.
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– N26’s US Failure: A Lesson For All Challenger Banks, Not Just Those From Europe