Citigroup rules out Barclays bid - papers 20 Oct

“Buying a big bank in Western Europe is not on my agenda,” Prince said when asked by analysts if he was entertaining a bid for either Barclays or Société Générale of France. Citigroup has for months been linked with both institutions as a likely bidder, but Prince’s blunt denial finally laid the speculation to rest, says the paper. PRUDENTIAL SURPRISED the City by warning its internet bank Egg is expected to post a loss in the second half of the year because of rising bad debts and consumers cutting back on spending and borrowing, says the Daily Telegraph. The warning, unveiled alongsi...