BENTONVILLE, Ark. — What's next for Wal-Mart's banking efforts?
Facing an avalanche of criticism and governmental resistance, Wal-Mart Stores here this month withdrew its application for an industrial loan company charter, which would have allowed it to operate a banking entity.
However, the apparent defeat could mark an expansion of the retailer's banking-related products in partnership with other financial companies.
“Our strategy is to develop more financial