You remember when Wal-Mart said its controversial proposal to set up a so-called industrial bank in the U.S. was not aimed at entering the banking market, but merely a tool to process check and credit transactions. Perhaps that's true. Just as it's perhaps true that the company is content to operate a single liquor store in Arkansas for all time.
But this is also true. Wal-Mart is about to get into retail banking in Mexico, the LA Times reports.