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Bank of WalMart? - Printable Version

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Bank of WalMart? - Nargis - 10-15-2010

Walmart vs. the big five banksWill the retail giant's entry into Canada's financial services sector mean potential savings for you? Canada's Big Five banks better pay attention — Walmart is moving into the neighbourhood. The retail giant, which has used low prices to steal business away from competitors all over the world, crashed the Canadian financial services party in June with the launch of its Walmart Rewards MasterCard. Could Walmart's presence shake up Canada's cozy banking oligopoly and drive down fees for banking services and investment products?
So far, the Walmart Canada Bank is focusing on the MasterCard, but other products may follow in the future. "We'll continue to look at other areas where we can help our customers save money," says Walmart Canada Bank CEO and president Trudy Fahie. "At this point I'm not going to speculate on what those products will be."
Laurence Booth, a finance professor at Rotman School of Management, doesn't see Walmart driving down fees at the Big Five overnight. He says that even Walmart will be a fringe player, much like Canadian Tire Financial Services and President's Choice Financial. "We have a wide range of credit card and financial services available to us, and adding Walmart to the list doesn't do that much."

Wall Street sees rising chance of QE3 from Fed - Reuters poll - chairman - 07-06-2012

Reuters) - Another month of weaker-than-expected U.S. hiring has increased the chances of the Federal Reserve launching a new round of monetary stimulus to boost growth, a Reuters poll of Wall Street economists showed.

Wal-Mart just celebrated its 50th anniversary - chairman - 07-10-2012

Wal-Mart just celebrated its 50th anniversary. What's in store for the next 50 years: http://mot.ly/OVBqLT $WMT

Re: Wal-Mart just celebrated its 50th anniversary - chairman - 07-10-2012

The U.S. produces 6.3 million barrels of oil a day, up 26% from four years ago. http://sm.wsj.com/OWblfB

Re: Wal-Mart just celebrated its 50th anniversary - Captain - 07-10-2012

layaway

Re: Wal-Mart just celebrated its 50th anniversary - chairman - 07-10-2012

do they have it?

Re: Wal-Mart just celebrated its 50th anniversary - chairman - 07-10-2012

Wall Street survey: 16% would commit insider trading for $10 million if they could not get caught http://on.wsj.com/NZfI4N

Re: Bank of WalMart? - chairman - 07-10-2012

i think i can put a nice winter coat on layaway in this heat

Re: Bank of WalMart? - Nargis - 07-10-2012

Krishna stop bringing up these threads from 2 years ago.

Re: Bank of WalMart? - chairman - 07-10-2012

why. there is no news today