Wise shares tumble after US regulator rejects its trust bank charter bid

Shares in Wise fell about 10% on Friday after the US Office of the Comptroller of the Currency declined the money-transfer firm’s application for a national trust bank charter, the licence that would have wired it directly into the Federal Reserve’s payment systems. The London-headquartered fintech, which listed on Nasdaq in May, had spent more than a […] This story continues at The Next Web