Wal-Mart Will Still Find a Way to Skin the Cat

March 16, 2007

While Wal-Mart officially withdrew its ILC application on March 16, a real estate leasing practice with in-store bank tenants that was put in place during as early as 2002 and modified in 2006 is being cited as evidence of Wal-Mart's big plans for financial services. The terms of these in-store bank branch leases were modified to give Wal-Mart the option of controlling the types of financial services it could offer directly to consumers without any right of objection from its bank tenants.

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