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)

Simone Lobo / Reuters:
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  —  London-listed shares of Wise (WISEa.L), fell 10% on Friday after the money transfer group said its application to create …