Thiel-Backed Bank N26 to Close 500,000 Accounts in U.S. Exit
- N26 to focus on European markets with more products ahead
- Setback follows departure from the U.K., regulatory headwinds
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N26 GmbH will discontinue its U.S. operations in the latest setback to the expansion plans for the German digital bank, which was recently valued at more than $9 billion.