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Egg plc is a British internet bank, with its headquarters in Derby, England. Formerly called, Prudential Banking plc, Egg was established in 1996, and is now the world's largest "pure" internet bank in that it is only possible to operate an Egg account over the internet. Egg specialises in savings and credit cards. Online banking (or Internet banking) is a term used for performing transactions, payments etc. ...
Derby (pronounced dar-bee ) is a city in the East Midlands of England. ...
Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area - Total Ranked 1st UK 130,395 km² Population - Total (mid-2004) - Density Ranked 1st UK 50. ...
1996 (MCMXCVI) is a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...
In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan. ...
Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...
Egg plc shares are traded on the LSE: EGG. The Source by Greyworld, in the new LSE building The London Stock Exchange (abbreviated LSE) is a stock exchange located in London. ...
History
Egg was established as a division of Prudential plc, the UK life assurance company. Prudential Banking was involved in direct selling of savings products. In 1998, the division was renamed Egg and relaunched as the UK's first internet bank. The service gained in popularity, and soon the bank had more than 2 million customers. In 2000, Prudential cashed in on its stake and floated 21% of the company on the London Stock Exchange, retaining a 79% stake. This article refers to Prudential plc, based in the United Kingdom. ...
1998(MCMXCVIII) is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...
This article is about the year 2000. ...
The Source by Greyworld, in the new LSE building The London Stock Exchange (abbreviated LSE) is a stock exchange located in London. ...
La Carte Egg Capitalising on its British success, Egg launched in France in 2002. However, despite investing heavily in the French market, the services were never popular with the French, who generally hold fewer credit cards than the British. In 2004, Egg decided to close its French operations, selling the business to ING of the Netherlands. 2002 (MMII) is a common year starting on Tuesday of the Gregorian calendar. ...
2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...
ING Group N.V. (NYSE: ING, Euronext: INGA) is a financial institution of Dutch origin offering banking, insurance and asset management services. ...
Current position In 2003, the Prudential announced its intention to sell its remaining stake in Egg to a third party. Despite rumours of interest from the likes of Royal Bank of Scotland and HSBC, no formal offers were received, and Prudential formally dropped its plans in 2005. 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ...
The Royal Bank of Scotland LSE: RBSis one of Scotlands four national clearing banks and one of the oldest in the UK, founded in Edinburgh in 1727 by Royal Charter. ...
This article needs copyediting (checking for proper English spelling, grammar, usage, etc. ...
2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ...
The company has however reported profits for its UK division, although these were wiped out by losses in France.
See also Security First Network Bank claimed to be the first pure internet bank and was founded in October 1995 in Atlanta, Georgia. ...
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