FDIC's moratorium on Wal-Mart bank hurts other companies

08/7/2006 | Wall Street Journal, The

When the FDIC decided to postpone a decision on Wal-Mart's controversial plan to open a bank, it caused problems for a slew of other companies with similar ideas. The FDIC's six-month moratorium on bank applications has left companies including General Motors Corp., BlueCross BlueShield Association and a California credit union caught in the delay.

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