Wal-Mart Gears Up Financial Offerings

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

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

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart