Category: Wal-Mart

Birth of banking’s mammals? Part 2, emerging evolution

6 December, 2011 (11:31) | Banks, Capital markets, Dodd-Frank, Innovations, Regulation, Speculation, US News, Wal-Mart |

By: David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s post examining a recent New York Times story on the rise of Wal-Mart Money centers, the Times danced around exactly what the Wal-Marts were and whether they were beneficial.   Let’s be clear – Wal-Mart intends to become the nation’s largest bank-by-any-other-name, […]

Birth of banking’s mammals? Part 1, impending extinction?

5 December, 2011 (15:38) | Banks, Capital markets, Dodd-Frank, Innovations, Regulation, Speculation, US News, Wal-Mart |

By: David A. Smith   Dinosaurs ruled the Earth for millennia – indeed, measured purely by longevity, with 160,000,000 years as the dominant terrestrial vertebrates, they have a fair claim to being the most successful superorder ever.    Yet today, they’re gone, nothing more than bones and the stuff of fantasies.   Once were warriors […]

Banking: why be when you can team?

28 March, 2007 (09:18) | Banks, Finance, Wal-Mart |

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 […]