A Look at Wal-Mart's Financial Services
In an article in yesterday's American Banker titled "For Wal-Mart, No Bank Charter Is No Problem", Maria Aspan reported on how "not getting a bank charter two years ago may have been one of the best things to happen to Wal-Mart Stores Inc.'s financial services agenda." Indeed, Wal-Mart has been very successful "with products aimed at the growing market of underbanked and low-income consumers who are largely underserved by the banking industry."
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