By Reuters Staff
2 Min Read
FRANKFURT/BERLIN, Jan 26 (Reuters) - Germany’s financial regulator BaFin is extending its oversight of online bank N26 to cover the whole company, two people with knowledge of the matter said, as the watchdog tightens controls following the collapse of payments firm Wirecard.
There is no indication of any malfeasance at N26, and the stricter oversight is a precaution, one of the sources said, speaking on condition of anonymity as the information is not public.
N26 declined to comment on its relationship with regulators, but said dialogue was always close and cooperative. BaFin declined to comment.
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