Independent IT consultant
enjoy bicycling, live theatre
like to know a little about a lot of different things

My passion is ...

interviewing

I know too much about ...

medicine

My parents always told me ...

work hard

Why I write ...

opportunity to discuss ideas

What I am reading/watching/listening to ...

Harry Potter

My first job ...

Fast Food cashier

Business > Business News & Issues Should Wal-Mart get involved in banking?

1 of 11

Wal-Mart is already involved in banking. Sure, its application to open a bank that offers the full range of services is on hold for a year due to lobbying from the banking association, however, it already offers cheque cashing, money transfers, and pre-paid Visa debit cards to its members. These are profitable lines of business for Wal-Mart and are desired services by its customers, so where is the harm done?

The reason why the American Banking Association (ABA) has spent so much time and effort in blocking Wal-Mart's application is due to fear that with Wal-Mart entering the banking ind...

More..