By Kristin Roberts, Reuters
U.S. regulators will likely hold a public hearing on Wal-Mart’s application to open a bank, the supervisory agency told lawmakers in a letter indicating the retailer’s controversial bid may be delayed.
Federal Deposit Insurance Corp. Acting Chairman Martin Gruenberg, following calls from some in Congress to hold up action on Wal-Mart’s application, also said he believed the agency’s board vacancy would be filled before a decision is made, according to the letter obtained by Reuters.
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