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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Bankers Oppose Wal-Mart as Rival. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.
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Bankers Oppose Wal-Mart as Rival
by bucy at 3:43 pm EDT, Oct 15, 2005 |
Wal-Mart's proposal to open a bank has sent a wave of concern through community bankers, who view the move as the first of several maneuvers that will turn the company into a financial services behemoth and drive them out of business.
For the time being, all it sounds like they're trying to do is dodge credit card processing fees. Nevertheless, the prospect of a Wal-Mart consumer bank is a little ... frightening. |
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RE: Bankers Oppose Wal-Mart as Rival
by Lost at 5:43 pm EDT, Oct 15, 2005 |
bucy wrote: Wal-Mart's proposal to open a bank has sent a wave of concern through community bankers, who view the move as the first of several maneuvers that will turn the company into a financial services behemoth and drive them out of business.
For the time being, all it sounds like they're trying to do is dodge credit card processing fees. Nevertheless, the prospect of a Wal-Mart consumer bank is a little ... frightening.
Just imagine a retail mall complex with the actual mall stores, gas stations, banks, and movie theaters are all Wal-Mart. Why wouldn't they scale this big? |
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RE: Bankers Oppose Wal-Mart as Rival
by dmv at 9:33 am EDT, Oct 16, 2005 |
bucy wrote: For the time being, all it sounds like they're trying to do is dodge credit card processing fees. Nevertheless, the prospect of a Wal-Mart consumer bank is a little ... frightening.
Its just a postal service... with three trillion dollars in assets, because for many small towns, it is the most convenient place to hold savings and pay bills... |
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