Challenger banks’ share prices soar on back of £1.6bn merger talks

Shares in One Savings Bank and Charter Court Financial Services soared yesterday on the news that the firms are in talks regarding a potential merger. One Savings Bank saw its share price jump 9.84% to 406p in early trading and closed at 410.4p, while Charter Court’s stock was up 10.31% to 338p and closed at 340.6p. Yesterday, Wolverhampton-based Charter Court Financial Services and OneSavings Bank (OSB) said that they are in advanced discussions regarding a possible all-share combination of the two companies. The deal, whi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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