Technology
Monzo is shutting down its US operation, and its European banking licence explains why
April 5, 2026
The Next Web
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In short: Monzo announced on 1 April 2026 that it is closing its US operations, stopping new American sign-ups immediately and shutting existing accounts by June, and cutting approximately 50 roles. The decision comes three months after the UK challenger bank received a full banking licence from the European Central Bank and the Central Bank of [] This story continues at The Next Web
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