2 ms·
Not really. Walmart's difficulties are because it's a real business. Typically, non-banking entities are not allowed to own banking entities. There are some ver
by ahi 15y ago
Not really. Walmart's difficulties are because it's a real business. Typically, non-banking entities are not allowed to own banking entities. There are some very good reasons for this, primarily that if the non-banking entity struggles they have a very good incentive to raid the piggybank and/or take it down with them. After the past couple years it is easy to forget that banks are supposed to be more stable and less risky than other industries.
Clarification: Walmart's difficulties are unrelated to a banking startup's difficulties.