Charter

Update (July 25, 4:39 pm UTC): This article has been updated to include a response from Wise. Payments company Wise will to change its strategy for applying for a charter…

Wise Group shares fell as much as 11% on Friday as the U.K.-headquartered, U.S.-listed fintech had its application for a national bank charter denied.

Shares of other telecoms are falling, as SpaceX’s Starlink has options to move into the wireless market. A potential partnership with Charter could be one of those options.

The Federal Reserve’s upcoming policy meeting on September 17 is drawing heightened attention from markets, with speculation building over whether the central bank will opt for a modest 25 basis…