July 30, 2019 / 7:11 AM / a month ago

British watchdog clears Charter Court, OneSavings Bank deal

(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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