Wal-Mart discount brokerage | Arkansas Blog

Monday, May 21, 2007

Wal-Mart discount brokerage

Posted By on Mon, May 21, 2007 at 10:33 AM

Wal-Mart has so far been stymied on entering the banking business. Who needs to be a bank when you can be a stock broker? From the Wall Street Journal:

Wal-Mart Stores Inc. has teamed with discount brokerage ShareBuilder Corp. to offer low-cost investment services, marking the retailer's initial expansion of its financial-services offerings since abandoning its bid to start an industrial bank.

Bellevue, Wash.-based ShareBuilder won't share revenue from the service with Wal-Mart because of securities regulations prohibiting such arrangements, said Jeff Seely, ShareBuilder's chairman and chief executive. Wal-Mart introduced the service, titled Wal-Mart Easy Investing by ShareBuilder, early this month with a link on its Web site. It soon will begin promoting the service in its U.S. stores, too.

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017

Most Shared

Most Recent Comments

  • Re: Saturday night live

    • Cato & plainjim, better get used to the uniforms. While Brett won't be around much…

    • on October 21, 2017
  • Re: The lying liars of the Trump administration and the missed point

    • Sarah Huckabee Sanders is beginning to sound like Baghdad Bob, isn't she? Do you remember…

    • on October 21, 2017
  • Re: Saturday night live

    • I agree with Cato. Those charcoal gray uniforms are definitely not Razorback Red. That's what…

    • on October 21, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation