BBC NEWS | Business | Egg acts over 'risky' customers

BBC NEWS | Business | Egg acts over 'risky' customers

This is quite indicative of the way banks are riding roughshod over consumers these days. British bank Egg (Which incidentally has just been bought up by American giant Citigroup) has been sending letters to customers saying they were too much of a credit risk and then cancelling their credit cards. However it seems that the people receiving the threatening letters were the ones who pay off their balance in full each month and have an excellent record. Obviously these people were not making the Fat Cats at Citigroup enough money in inflated interest payments.