Egg Banking plc is a British internet bank, with headquarters in Derby, Dudley and London, England. Formerly called Prudential Banking plc, Egg was established in 1996, and is now the world's largest internet bank in that it is only possible to operate an Egg account over the internet, or via their call centre. Egg specialises in savings, credit cards and loans but also offers mortgage and insurance products.
Egg was established as a division of ...
more
Egg Banking plc is a British internet bank, with headquarters in Derby, Dudley and London, England. Formerly called Prudential Banking plc, Egg was established in 1996, and is now the world's largest internet bank in that it is only possible to operate an Egg account over the internet, or via their call centre. Egg specialises in savings, credit cards and loans but also offers mortgage and insurance products.
Egg was established as a division of UK life assurance company Prudential. Prudential Banking was involved in direct selling of savings and mortgage 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 79%. In 2003 Prudential announced its intention to sell its remaining stake in Egg to a third party. Despite rumours of interest from the...
less
