Scott: Wal-Mart Continues Banking Quest

BENTONVILLE, Ark. -- Wal-Mart Stores is continuing to explore ways to enter the banking business, Lee Scott, president and chief executive officer, told Neil Cavuto of Fox News this week.

BENTONVILLE, Ark. -- Wal-Mart Stores is continuing to explore ways to enter the banking business, Lee Scott, president and chief executive officer, told Neil Cavuto of Fox News this week. Scott reiterated that Wal-Mart‘s intention in applying for an industrial loan company charter was to do backroom processing, but indicated other banking services have been under consideration. “It became very, very controversial, and very political, and it was clear that we were not going to

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