trending Market Intelligence /marketintelligence/en/news-insights/trending/hhrwbwA8K0Irqt9GLu7mIw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

UK competition watchdog probes OneSavings/Charter Court tie-up

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


UK competition watchdog probes OneSavings/Charter Court tie-up

The U.K. Competition and Markets Authority is examining whether the planned combination of OneSavings Bank PLC and Charter Court Financial Services Group PLC would substantially reduce competition.

The regulator is seeking comments on the transaction until June 19, and will announce its decision whether or not to refer the deal for a phase two investigation July 30.

In March, the challenger banks announced an all-share merger, which would create an entity with roughly £15.6 billion of net customer loans and £13.2 billion of customer deposits. The merger is expected to take effect in the third quarter, subject to certain conditions.