News - Wal-Mart pulls out of bank plan
Tuesday, October 2nd, 2007Wal-Mart has pulled out of plans to obtain a US banking licence.
The retail giant had planned to create an in-house bank, known as an industrial loan corporation (ILC).
However, it decided to withdraw its the application with the US Federal Deposit Insurance Corp (FDIC) a government finance watchdog.
Its plan had been controversial and aroused strong […]