Wal-Mart Plans Checking Accounts in GoBank Service

The SEC is investigating whether Bill Gross's total return ETF inflated asset prices to boost returns. The Wall Street Journal reports that the probe has been ongoing for months, with Bill Gross being interviewed. Meanwhile, Citizens Financial raised $3 billion in its IPO, pricing shares below the marketed range. The US unit of RBS sold 140 million shares at $21.50 each, and trading begins on the New York Stock Exchange. Additionally, Wal-Mart plans to enter the banking sector by offering low-cost checking accounts to individuals over 18 who pass an ID check, as reported by the New York Times.

What is the main focus of the SEC's investigation involving Bill Gross?

• Bill Gross's personal financial dealings

• The legality of Bill Gross's marketing strategies

• Whether Bill Gross's ETF was involved in insider trading

• If asset prices were artificially inflated to boost returns

How much did Citizens Financial raise in its IPO?

• $5 billion

• $3 billion

• $2 billion

• $4 billion

At what price did the US unit of RBS sell its shares?

• $25.00

• $23.00

• $21.50

• $20.00

What is Wal-Mart's new initiative in the financial sector?

• Offering credit cards

• Launching a new investment fund

• Opening a chain of banks

• Providing low-cost checking accounts

Who is eligible for Wal-Mart's new checking accounts?

• Anyone over 16 with a valid ID

• Anyone over 18 who passes an ID check

• Only individuals with a credit score above 700

• Only existing Wal-Mart customers