The Bancorp Sells European Prepaid Operations

The Bancorp Inc. has closed the sale of its European prepaid properties to Neptune International Ltd. The news comes amid a strong quarter for the financial holding company, which reported a net income of $8 million for the first quarter of 2017, compared with a $10.9 million net loss for the same period last year.

U.K. Makes Official Its Intent to Leave EU

A little after noon in Brussels March 29, a British ambassador delivered a letter to EU Council President Donald Tusk that set the wheels into motion for the U.K.’s exit from the EU. Today’s announcement makes official the results of the historic vote June 23, when 52 percent of voters in the U.K. stunned many around the world when they opted to leave, or “Brexit,” as it’s commonly called.