Banking: why be when you can team?
Half a year ago, in By any other name? (Part 1 and Part 2), I posted about Wal-Mart’s application to form a bank, observing that in practical terms, Wal-Mart (like any other major credit provider, such as GECC or GMAC) is in fact acting very bank-like already:
What defines a bank? Is it a vast physical [...]
