Report: Wal-Mart Setting Stage for Banking Services

BENTONVILLE, Ark. -- The picture of Wal-Mart Stores' plans for expanding into financial services got muddier yesterday with the Wall Street Journal reporting that the retailing behemoth is renegotiating leases with its in-store banking tenants to give it more leeway in the future to offer mortgages, home-equity lines of credit and consumer loans.

BENTONVILLE, Ark. -- The picture of Wal-Mart Stores‘ plans for expanding into financial services got muddier yesterday with the Wall Street Journal reporting that the retailing behemoth is renegotiating leases with its in-store banking tenants to give it more leeway in the future to offer mortgages, home-equity lines of credit and consumer loans. A Wal-Mart spokesman said the lease language doesn't "signal anything new" and that the retailer is already offering some financial

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