Wise denied US banking license in blow to expansion plans

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Wise has been denied a US banking licence, 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 rejected its application for a national trust bank licence. https://www.cityam.com/wise-denied-us-banking-license-in-blow-to-expansion-plans/">[...]