Competition authorities to examine £1.6bn merger

The Competition and Markets Authority (CMA) is examining the planned £1.6bn merger of OneSavings Bank and Charter Court. In March, Wolverhampton-based Charter Court revealed plans to merge the two businesses, with its shareholders taking a 45% stake in the combined group. At the time Charter Court's chairman Sir Malcolm Williamson said: “The strategic fit of the two banks is compelling and will bring together complementary strengths and capabilities to enhance our customer proposition and create a leading specialist lender th... 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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