Internet bank Egg has taken steps towards a move into the US.
The London-based online operator also said it had cut group pre-tax losses by 80 per cent in 2002 to £16.6 million, from £87.8 million a year earlier.
Chief executive Paul Gratton said the group was committed to developing Egg as a global business and had been researching different territories.
He said: "Specifically, we have been exploring potential entry strategies for the US market."
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