FDIC STALLS WAL-MART BID FOR BANKING ENTITY WASHINGTON — Dealing a blow to the hopes of Wal-Mart Stores, Bentonville, Ark., to operate a bank, the Federal Deposit Insurance Corp. voted here last week to extend its moratorium for a year on applications for deposit insurance and change-in-control notices for industrial loan companies that will be owned by commercial companies. This will allow Congress to consider legislation regulating ILCs. The moratorium does not apply to ILCs owned by ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.