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| Company type | Subsidiary |
|---|---|
| Industry | Finance and Insurance |
| Founded | United Kingdom (1998) |
| Defunct | July 2011 |
| Fate | Assets acquired |
| Successor | Barclays Yorkshire Building Society |
| Headquarters | , England, United Kingdom |
| Products | Financial services |
Number of employees | 1,100 |
| Parent | Citigroup |
| Website | www |
Egg was an internet bank headquartered in Derby, that is now a trading name of Yorkshire Building Society.[1] Egg was born out of the banking arm in the United Kingdom of Prudential plc, which was established in 1996, and the Egg brand was launched in October 1998. The first online credit card was launched in September 1999.[2]
It was only possible to operate an Egg account over the internet, or via their call centre. Egg specialised in savings and general insurance, together with loans, credit cards and mortgage products.[3] The business was sold in January 2007 to Citigroup.
In March 2011, the credit card accounts were bought by Barclaycard, and in July 2011, the remaining savings and mortgage businesses were sold to Yorkshire Building Society, which subsequently transferred all remaining customer accounts over from Egg.
Following the sale of its assets, Egg Banking plc, which remained under the ownership of Citigroup, was renamed Canada Square Operations Limited and continues to handle matters relating to certain Egg products from before the sale of assets and any assets that were not transferred to the new owners.[4]
- ^ "Yorkshire BS buys Egg from Citi". BBC News. 25 July 2011. Retrieved 20 September 2017.
- ^ Osborne, Alistair (1 March 2011). "The history of Egg: a shattering experience". Daily Telegraph. ISSN 0307-1235. Retrieved 20 September 2017.
- ^ "Credit Cards Saving Accounts Insurance Egg". Egg.com. Retrieved 17 February 2011.
- ^ "Citibank UK - Feedback and complaints". Archived from the original on 26 September 2012.