Wednesday, June 20, 2007

Wal-Mart expanding its financial services

(Reuters) - NEW YORK, June 20 - Wal-Mart Stores Inc. said on Wednesday that it intends to open 1,000 Wal-Mart MoneyCenters and launch a reloadable prepaid Wal-Mart MoneyCard, in a major expansion of financial services the retailer provides to its base of low-income customers.



The company earlier this year withdrew an application with U.S. bank regulators to operate a specialty bank in the face of immense opposition from politicians, consumer groups and community banks.


Read more at Reuters.com Bonds News

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