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banking regulation

  • Wise denied US banking licence in blow to expansion plans

    Banking

    Shares in Wise plunged on Friday after the firm was denied a US banking licence by regulators, setting back the payments giant in its biggest growth market just months after it switched its primary stock market listing to New York. The London-founded fintech said the US Office of the Comptroller of the Currency (OCC) had [...]

    Wise outlined plans to shift its primary listing to the US in June.

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