OCC Denies Wise's National Trust Bank Charter; Shares Tumble

The Office of the Comptroller of the Currency declined Wise's application for a national trust bank charter, Reuters reported July 24, 2026. Wise's shares fell sharply on the news. The fintech, which debuted on Nasdaq in May 2026, applied in July 2025. Wise plans to reapply under the GENIUS Act framework, though the timeline and outcome are unknown.