I thought it was interesting walmart the US retail giant is expanding its banking offerings after trials and expanding the stores that offer banking services to 4000 announced late 2014.
Also i thought it was interesting they dropped their application for a bank license.
imo tesco should not be used as an example of future retailing because they made many mistakes in a variety of areas.
Sounds very similar to wes dropping their application for a banking license.
Interesting to note walmart suggests customers feel more comfortable dealing with walmart than banks.
Seems to me retailers such as walmart,coles,wow can see the writing on the wall as far as the changing banking business model eg banks become price takers eg retailers will shop around for best deal from a particular bank then preference that bank,same apple pay etc due to new technology and bank valuations may/will drop imo.
ps yes i like coles and wow getting into banking services.
wes chart, page-42
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Last
$65.34 |
Change
0.060(0.09%) |
Mkt cap ! $74.10B | |||
| Open | High | Low | Value | Volume |
| $65.08 | $65.34 | $64.78 | $55.23M | 846.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 110 | $65.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $65.34 | 325 | 1 |
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| WES (ASX) Chart |