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View Full Version : Wal-Mart bank coming soon?


Steve
03-15-2007, 03:20 PM
Do you think this is a good idea? Would Wal-Mart entering the banking industry help consumers and offer more choices?

What's your take?

Wal-Mart seen in bigger bank role (http://money.cnn.com/2007/03/15/news/companies/walmart_banking/index.htm?postversion=2007031508) - Wal-Mart may be looking into offering consumers mortgages, home equity lines of credit and consumer loans, according to published reports Thursday.

According to the Wall Street Journal, the world's largest retailer has quietly renegotiated the terms of leases with a number of banks operating in its stores, giving Wal-Mart the explicit right to offer these new financial services to its customers.

tiedeman
03-15-2007, 04:48 PM
Last time I checked, the federal government is looking at putting a stop to Walmarts banks. I don't know the details why yet

tiedeman
03-16-2007, 08:20 PM
here is some more info

http://www.nytimes.com/2007/03/16/business/16cnd-walmart.html?hp

Steve
03-16-2007, 08:41 PM
It's amazing how many people are out there that are vocal and who are trying to stop Wal-Mart's expansion yet how many people still shop at their stores! http://www.gophergraphics.com/forum/iB_html/non-cgi/emoticons/mad.gif