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Articles 31 - 31 of 31
Full-Text Articles in Economics
Wal-Mart Bank In Mexico: Money To The Masses And The Home-Host Hole, Anna Gelpern
Wal-Mart Bank In Mexico: Money To The Masses And The Home-Host Hole, Anna Gelpern
Georgetown Law Faculty Publications and Other Works
In November 2006 Wal-Mart's Mexican subsidiary received approval to open a bank. The application faced little opposition in Mexico, unlike the company's failed effort to start a bank in the United States. This was partly because in Mexico, Wal-Mart's entry was generally regarded as increasing competition in a historically concentrated banking sector. With over three-quarters of all Mexicans unbanked, the authorities also looked to Wal-Mart to reach the underserved. Along with the promise, Wal-Mart's entry presents a transnational regulatory dilemma with implications beyond Wal-Mart and Mexico. Because it is Wal-Mart's only banking venture, the new institution will have its Mexican …