Royal Bank of Scotland has overtaken credit card issuers MBNA and Capital One as the favourite to buy Egg, the web-based bank and fund supermarket 79 per cent owned by UK life and pensions provider Prudential, mainly because its plans to buy a US bank have falterered amid the rising prices prompted by the JP Morgan-Bank One merger, but also because it has fewer brand problems than Lloyds TSB or HSBC and can use Egg to distribute insurance and other products manufactured by its Direct Line subsidiary. Citigroup is also said to be interested. Egg is now capitalised at nearly Ј1.6 billion.
Royal Bank Of Scotland Is Favourite To Buy Egg Fund Supermarket From Prudential
Royal Bank of Scotland has overtaken credit card issuers MBNA and Capital One as the favourite to buy Egg, the web based bank and fund supermarket 79 per cent owned by UK life and pensions provider Prudential, mainly because its
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