Banco Wal-Mart | Arkansas Blog

Sunday, August 27, 2006

Banco Wal-Mart

Posted By on Sun, Aug 27, 2006 at 7:54 AM

You remember when Wal-Mart said its controversial proposal to set up a so-called industrial bank in the U.S. was not aimed at entering the banking market, but merely a tool to process check and credit transactions. Perhaps that's true. Just as it's perhaps true that the company is content to operate a single liquor store in Arkansas for all time.

But this is also true. Wal-Mart is about to get into retail banking in Mexico, the LA Times reports.


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