Cheerio to Monzo — whose annual losses have more than doubled

British digital bank Monzo announced on Thursday that its annual losses had more than doubled; warning customers about their difficulty to continue operating due to the coronavirus pandemic.

The start-up reported an annual post-tax loss of £113.8 million ($149.5 million) in its 2020 accounts, up from the £47.1 million it lost last year, amid investment on…