Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 24 July 2026

Wise US banking license rejected; operates in 48 states.

Wise US banking license rejected; operates in 48 states.

Photo by Mariia Shalabaieva on Unsplash

The London-founded money transfer business, which has about 19 million global customers, originally filed the paperwork over twelve months ago. The US Office of the Comptroller of the Currency turned the request down, but the company says it will reapply. Bosses maintain their current American operations will carry on normally in 48 individual states and four territories.

Reported by City AM · How we write briefs

More briefs

BusinessLockheed Martin may build UK's new £2bn Skynet satellites BusinessKFC dropping Pepsi for Coca-Cola in all US restaurants by early 2027 BusinessSome Anthropic investors reportedly eye $1.5tn valuation, down from the $2tn expected BusinessLondon's top shares reach a seven-week high as investors buy safer British businesses BusinessThames Water needs £2.4B more to avoid government takeover BusinessBritish pound rises against the dollar after the UK economy unexpectedly grows More business stories → Browse all stories →