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Wise shares tumble after US regulator rejects its trust bank charter bid
The OCC declined Wise’s national trust bank application, denying the fintech direct Fed access. Shares fell about 10%. Wise plans to reapply.
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forbes.com
Wise Suffers Setback In U.S. Expansion As Regulator Denies Bank License
Wise's ambitions to deepen its presence in the U.S. suffered a setback after regulators rejected the fintech's application to become a national trust bank.
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cityam.com
Wise denied US banking licence in blow to expansion plans
Wise has been denied a US banking licence, just months after it switched its primary stock market listing to New York.
