Since 2001, we've posted 21,224 different business opportunities and ideas, so you're sure to find something here to inspire you!
Coming Soon: The Bank of Wal-Mart?

Wal-Mart is still in the early stages of banking, hoping to ultimately create a branded bank, much to the vehement opposition of the U.S. banking industry. The company has been twice denied takeovers of banks, but it has expanded its financial services drastically and silently through partnerships with Discover, GE Consumer Finance, MoneyGram International and SunTrust Banks, which entitles its customers to discounted money transfers and check cashing services. If the company ever becomes a bank, its footprint would be massive, with an instant 8,500 stores becoming bank branches worldwide. The prospect of Wal-Mart becoming a bank that utilizes the same low margin but high volume approach to financial services horrifies many national banks, which would suffer the same fate as the small general stores Wal-Mart put out of business years ago when they cropped up all over the interstate highways.
Wow, this would really shake things up!
Related Businesses in the Directory
Related Posts
Related Resources














Angela Shupe on April 11th, 2011 10:59 am
I wonder what that would mean for the banks that already pay for space within some Walmart locations. Would they force them out or try to intimate them so they move willingly?
Alistair on April 11th, 2011 12:01 pm
This will happen soon in the UK with the biggest store group, Tesco, opening their own banks instore. They already offer credit cards and have bought up a large online car retailer to expand outside their traditional food retailing business model. Cannot make money selling cereals and coffee !!!!
How will Walmarts UK subsiduary, ASDA, compete ?
Nan on April 11th, 2011 3:44 pm
Wal-mart just wants to be a bank so they can be bailed out in the next Congressional lunacy session.
Leave a Reply