The British bank has withdrawn 160 thousand credit cards
6 February 2008British Internet-bank Egg has withdrawn about 160 thousand credit cards of the clients with “a risk level above acceptable”, informs AFP.
Credit cards will stop functioning in 35 days that has displeased clients of the bank. Some of them are perplexed concerning the reasons of refusal.
In total Egg has given two million credit cards, and representatives of the bank deny, that 7% reduction of the client base is caused by global restriction of credits. The management of the bank claims that the decision was taken after verification of all debtors of the bank, when CityGroup has merged Egg in May, 2007.
Let’s remind, that according to the quarterly report published in January, CityGroup’s losses have made 9,83 billion dollars.
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