OneSavings Bank PLC (OSBO.L)
23 May 2019
May 15 OneSavings Bank Plc reported a bigger loan book for the first three months of the year on Wednesday, but said it is seeing slightly lower margins.
May 15 OneSavings Bank Plc, set to create one of Britain's biggest specialist lenders in a merger with Charter Court Financial Services Group Plc, reported a bigger loan book for the first three months of the year, but said it had seen marginal margin dilution.
Charter Court Financial and OneSavings are set to create one of Britain's biggest specialist lenders in a merger that will bolster their defenses in the face of uncertainty brought on by Brexit.
* To become "stronger together" ahead of Brexit- OneSavings CEO
March 14 OneSavings Bank Plc has agreed to merge with online mortgage bank Charter Court Financial in an all-share deal, the lender said on Thursday, giving it more heft as it takes on the bigger banks in Britain.
Online mortgage bank Charter Court Financial Services and OneSavings Bank are in advanced talks to create one of Britain's biggest specialist lenders, marking a major step toward consolidation in the challenger banking market.
* Potential merger to create a leading specialist mortgage lender
March 11 British online mortgage bank Charter Court Financial Services and OneSavings Bank Plc are in advanced discussions regarding a possible all-share combination, the companies said in a statement.