Simple shutdown leaves US customers in the lurch

Spanish bank BBVA’s US arm, which was home to Simple, was acquired by US bank PNC back in November 2020 for an eye-watering $11.6bn.

But, when the official shutdown occurred on Saturday, it appears there were a few teething problems.

Instead of being able to seamlessly transition over to its parent company BBVA, Simple’s customers were left unable to access their accounts at all.

Read more: AltFi