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BREAKING NEWS

British watchdog clears Charter Court, OneSavings Bank deal

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(Reuters) – Britain’s competition watchdog said on Tuesday it would not refer Charter Court Financial Services Group’s <CCFS.L> merger deal with OneSavings Bank <OSBO.L> to an in-depth investigation.

Charter Court Financial and OneSavings are set to create one of Britain’s biggest specialist lenders in a merger that will bolster their defences in the face of uncertainty brought on by Brexit.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Anil D’Silva)

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