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... For the full story register now for free or login below...