Does anyone no if Apple can wipe your phone if it has been stolen?

I got my phone stolen last night, and was wondering if apple would be able to remotely wipe everything off the phone as I do online banking and got some personal stuff on my phone..
I didnt have it step up for my phone to wipe everything after 10 shots of the password.

Apple cannot wipe your phone. You could, had you set up "Find my iPhone" before it was stolen. Assuming you did not, there is nothing you can do.

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