Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)

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Aisha S Gani / Bloomberg:Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June  —  Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market …