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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (166205)5/16/2002 10:17:01 AM
From: Gut Trader  Read Replies (4) of 436258
 
Strange WMT Stuff...10:05 ET Concord EFS follow-up: Wal-Mart to buy bank (CEFT) 32.65 -1.48: -- Update -- More information regarding our 9:50 comment... the New York Times reported this morning that WMT is seeking regulatory approval to buy a small California bank, hoping that a banking license will lower its processing costs for certain transactions; co says the planned purchase is largely motivated by its frustration with the high cost of processing its customers' debit card purchases (which is a service that CEFT provides to WMT).
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