Feeds

Lloyds TSB leads the great Egg race

Spooning with the Pru

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

The race to buy online bank Egg is hotting up, with Lloyds TSB emerging as a possible favourite.

Lloyds chief executive Eric Daniels is persuading directors that buying Egg from majority owner Prudential would increase market share and provide good cross-selling opportunities, according to The Observer.

The paper reports a disagreement over the value of Egg but most analysts put it between £1.2bn and £1.5bn. Egg's most recent results were a disappointment - losses doubled to £34m on the back of a hugely expensive foray in to France.

US bank MBNA is also rumoured to be interested in the online bank. Egg shares were trading at this morning at 161p, down from a year high of 197.5p. ®

Related stories

Egg blames France for big losses
Pru in talks to sell Egg
Earthport to sue Egg

Combat fraud and increase customer satisfaction

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.