Bank of Wal-Mart?
Wal-Mart, anger by rising transaction cost, decided running an ILC was its best move; however, Wal-Mart’s banking application continues to generate unprecedented controversy and opposition, and the FDIC is taking necessary measures to fully evaluate the application. The FDIC’s notice acknowledges the extraordinary number of public comments, and acknowledges that the large majority were in opposition to Wal-Mart’s application. Here is some information on Wal-Mart’s quest to get an ILC.
