Wise trades sideways after €500 million probe hits market
Wise Group PLC was last seen around 826p early Friday in London. The fintech’s most recent bid-offer was 824p/828p. The FTSE 100 added 0.21% at 10,382.03 in the same session. Wise still trades far off its 1,225p peak for the year and just above its 754p low. Wise is in focus after a sudden hit to its shares, which fell as much as 20% on Monday and ended down 8%. The drop came when the company said it was responding to questions from Belgian prosecutors on money-laundering. The pause comes after this repricing of regulatory risk.