Core Viewpoint - SMBC Group has decided to close its US digital banking arm, Jenius Bank, resulting in significant job losses and the cessation of its operations in the US market [1][2]. Group 1: Closure and Job Losses - The closure of Jenius Bank will lead to 161 job losses across the US, as indicated in a WARN notice submitted in several states [1]. - Employment for affected staff is expected to end on or around March 10, 2026, following a mandatory notice period, during which employees will continue to receive regular pay and benefits for 60 days [2]. Group 2: Company Background and Operations - Jenius Bank was launched in 2023 and was led by John Rosenfeld, who previously served as the president of Citizens Bank's digital bank [4]. - The digital bank offered high-yield savings accounts and personal loans, accumulating over $1 billion in deposits and approximately $900 million in personal loans within its first year [4]. Group 3: Employee Reactions and Company Presence - Several individuals identifying as Jenius employees have expressed on LinkedIn that they are now "open to work" due to the bank's closure [3]. - Jenius Bank's presence on social media has diminished, with its account on X removed and its LinkedIn page no longer displaying posts [3].