Tag: exit

  • Monzo to exit US market

    Monzoisclosing its US banking operations after struggling to gain traction in the market, and will instead focus on its core UK and European business. The UK digital bank, famed for its bright coral cards, will stop onboarding new customers and lay off about 50 employees in the US, according to a report in Bloomberg. US read more

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    Monzo to exit US market

  • Siemens to exit healthcare space with Healthineers deconsolidation

    Siemens has announced plans to ‘deconsolidate’ its remaining stake in Siemens Healthineers by transferring 30% of shares to Siemens shareholders. Siemens, whose stake had stood at 67%, will hand the shares over via a direct spin-off as ‘preferable option’. Deciding to deconsolidate the Healthineers business follows a thorough assessment and strategic review of how both read more

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    Siemens to exit healthcare space with Healthineers deconsolidation