The Bankwatch

Tracking the consumer evolution of financial services

Virgin and Wal-Mart both considering a bank in Canada

This latest Wal-Mart thing just won’t go away.  This story on Virgins annual comment from Branson about starting a bank in Canada notes that Wal-Mart has applied successfully to start a bank here.  That makes Wal-Mart a potential Mexico, US, Canada bank.  Interesting. 

Virgin Money hasn’t given up on Canada | Globe and Mail

That’s not to suggest that he’s not working on it. Wal-Mart just recently received the nod from Canada’s financial services regulator to start a bank in Canada, having been working on the concept since at least 2006.

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Written by Colin Henderson

July 1, 2010 at 18:57

Posted in Uncategorized

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