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ID: 28800
Title: Wal-Mart drops pursuit of bank charter (AP)
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A shopper at a Walmart in North Fayette, Pa., loads her purchases into her car on in this Jan 4, 2007 file photo. Wal-Mart Stores Inc. drops its bid to establish a bank after months of heated debate over whether the world's largest retailer should be allowed to gain the added financial power of a federally insured bank. (AP Photo/Gene J. Puskar, file)AP - Stymied by a phalanx of opponents from big banks to unions and dogged by conflicting messages about its intentions, Wal-Mart withdrew a bid for a banking license Friday and said it would find other ways to serve customers' financial needs.
Category: Business/
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Date Added: March 16, 2007 11:30:42 PM
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