10/27/2010

Wal-Mart has progressed with plans to eventually add full-service banking to its offerings, despite repeated failures to obtain a U.S. bank charter, according to a new report from Filene Research Institute. The retail giant has already established a 22-branch bank in Mexico, which is slated to grow to 80 locations by year's end. In addition, the company now sells prepaid debit cards and offers small-business loans through its Sam's Club stores.

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