Tagged: bluebird

Wal-Mart's March into Financial Services Unsettling to Some

by Mark Friedman 5/12/2014 12:00 am

When Wal-Mart Stores Inc. abandoned its plans to own a bank operation in 2007, it didn’t shelve the idea of offering financial services. Last month, the Bentonville retailer unveiled its latest entry into the financial services arena by offering customers a cheaper way to transfer money to any of its 4,200 Wal-Mart stores in the United States.

Banks Ask Fed to Watch Wal-Mart's Financial Services More Closely

by Lance Turner 5/8/2013 8:33 am

Bloomberg reports that bankers have asked the Federal Reserve to increase its oversight of financial services offered by the world's largest retailer, Wal-Mart Stores Inc. of Bentonville.