Word: wal
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Dates: during 2000-2009
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...Blow by Blow In the summer of 2003, al-Zarqawi?s group, al-Tawhid wal-Jihad launches a deadly suicide-bombing campaign in Iraq, including attacks on the U.N. compound in Baghdad, killing 22, and the Imam Ali shrine in Najaf, killing about...
...think about a Wal-Mart Bank with ATMs, branches and tellers. Jane Thompson, who would be chairman of Wal-Mart Bank, says the new bank would have a "very narrow role." Currently, every time a customer swipes a credit or debit card, Wal-Mart pays a fee to a bank for watching over the money for those few seconds as it moves between the customer's account and Wal-Mart's. By using its own bank, the company will save fractions of a penny on each transaction, yielding $5 million to $10 million a year, which it says...
...minutes of sales, says Terry Jorde, president and CEO of Country Bank USA in Cando, N.D. The fear, says Lawrence White, a professor of economics at New York University, is that the company will do to retail banking what it has done in apparel and groceries. Indeed, the application Wal-Mart filed would allow it to request a changed business plan through the FDIC without necessarily going through the entire process again...
...real threat to banks, say Wal-Mart supporters, is that the company might someday attack the financial industry's juicy fee structure. Even a critic like Jorde concedes that if Wal-Mart were to offer savings accounts and consumer loans at its usual rock-bottom prices, "the cost of banking services would decline, and consumers would say, 'This is great.'" Wal-Mart would also be in a good position to reach the 10 million households in the U.S. that don't use a bank account, says John Caskey, a professor of economics at Swarthmore and expert on the "unbanked...
...thing a Wal-Mart Bank could probably never replace is the role of the small-town banker. With 8,000 charters, community banks have strong competition, and their deposits finance small businesses and home mortgages. Local bankers made a similar fuss, White says, when regulators allowed regional banks to expand, but most of the local banks found new ways to compete. Local bankers know better than most what happens to those who don't adapt to change. The closest Wal-Mart is 35 miles away, Coup says, but "I've seen the effects that it has on our local grocery...