Wise trades sideways after €500 million probe hits market
Wise Group shares traded at 826p in London Friday, still down after a 20% drop earlier in the week linked to a Belgian money-laundering probe. Belgian prosecutors are investigating if Wise accounts were used to move €500 million tied to fraud and drug trafficking. Wise says it is cooperating and has not been told of any findings. The company’s last update showed Baillie Gifford cut its stake to 9.99%.