British Internet bank Egg says it is ending 160,000 customers' credit card agreements

British Internet bank Egg said Saturday it is terminating about 160,000 customers' credit card agreements, saying their credit profiles had deteriorated.

A British lawmaker called the move unfair, and said Egg's decision should be investigated.

Egg Banking PLC was bought by Citigroup Inc. last year, and the company said the move was the result of a "one-off, extensive risk review of our book" after the acquisition. The figure represents about 7 percent of Egg's credit card customers.

"Egg has given a number of its credit-card customers 35 days' notice that it is ending their card agreements," the bank said in a statement. Egg …