Despite the internet bank Egg changing hands from Prudential to Citigroup, Citigroup intends to retain the
bank’s name but offer much wider range of services to its UK clients than what Prudential was previoulsy
able to offer. Citigroup claims that its experience in lending and its ideal credit histories will ensure
that Egg will become profitable in short order. As part of the sale, Egg customers will continue to receive
pensions and life assurance products from prudential for another 5 years after which Citigroup is expected to
distribute life assurance products to parts of Asia.

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Posted by Shue on May 1st, 2009 :: Filed under Uncategorized
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