U.S. Regulator Says No to Wise's Bank License; Stock Drops

A U.S. banking regulator turned down Wise's request for a national trust bank charter — a federal license letting a company hold and manage customer money. Reuters reported the July 24, 2026 decision. Wise shares fell sharply. The company, which began trading on Nasdaq in May 2026, plans to reapply under new rules. No timeline is known.