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Wise US national trust bank charter application rejected
Wise's application for a US national trust bank charter was rejected by regulators due to unresolved compliance concerns, halting its bid to operate as a federally chartered bank in the United States.
Jul 24, 2026
The US OCC denies Wise's application to create a national trust bank, citing incompatibility with new Federal Reserve policies; Wise says it plans to reapply (Simone Lobo/Reuters)
The U.S. Office of the Comptroller of the Currency (OCC) rejected Wise's application to charter a national trust bank, citing misalignment with newly issued Federal Reserve policies; Wise stated it intends to reapply, and its London-listed shares dropped 10%.
Jul 24, 2026
Wise tumbles after US declines national trust bank application - Reuters
Wise’s stock price fell sharply after the U.S. Office of the Comptroller of the Currency (OCC) declined its application to charter a national trust bank, blocking a key path to deeper U.S. financial infrastructure integration.
Jul 24, 2026
Sony Bank wins US regulatory approval for stablecoin trust bank
Sony Bank received conditional US regulatory approval to establish a national trust bank subsidiary, enabling it to issue and manage stablecoins under US federal oversight.
Jul 10, 2026