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Home›US Markets›Equities›Wise Group shares drop after U.S. bank charter applica…

Wise Group shares drop after U.S. bank charter application denied

The fintechs bid for a national bank charter was rejected, sending the stock down as much as 11% on Friday.

Reported · Written up by our desk · Equities

Wise Group shares slid sharply after the companys application for a U.S. national bank charter was denied, according to MarketWatch.

The report said the stock fell as much as 11% on Friday, underscoring how the setback can weigh on the outlook for the U.K.-headquartered, U.S.-listed payments fintech.

The MarketWatch article also framed the decision as a key near-term turning point for the firm and its next steps, but did not provide additional specifics beyond the charter denial and the share move.

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Sources

MarketWatchWise Group shares tank after U.S. bank charter rejected. What’s next for the fintech.
MarketWatchWise Group shares tank after U.S. bank charter rejected. What’s next for the fintech.

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