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Egg to post loss
oldwiring
Posts: 2,452 Forumite
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/10/20/cnpru20.xml
staes that the Egg Internet Bank, a creature of Pru will post a second half loss because of bad debts. Is it a sign that the good times roll is xoming to its end. Will some who have jumped on the we-want-to-be-a bank wagon want to jump off. That could mean contraction, that could, if it came about, leas to substantially fewer providers. What would that mean for those who show evisence of financial turpitude? Maybe the signs are there with HSBC's weeding out. One thing is sure in my FWIW opion they'll have fewer places to run to.
staes that the Egg Internet Bank, a creature of Pru will post a second half loss because of bad debts. Is it a sign that the good times roll is xoming to its end. Will some who have jumped on the we-want-to-be-a bank wagon want to jump off. That could mean contraction, that could, if it came about, leas to substantially fewer providers. What would that mean for those who show evisence of financial turpitude? Maybe the signs are there with HSBC's weeding out. One thing is sure in my FWIW opion they'll have fewer places to run to.
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