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FTSE 250 OneSavings Bank (OSB) Group announced that its chief financial officer was stepping down after more than 11 years at the bank.
Which banks are the best for customer service? A new official ranking has been produced by the consumer regulator
OneSavings Bank (OSB) has set aside £20m to cover the costs of fraudulent activity carried out by one of its corporate customers. The cost to the lender is lower than it initially anticipated, saying in a market update last month it estimated the fraud cost to be around £28.6m. As a result of the incident, [...]
Shares in Onesavings Bank plummeted after the specialist lender declined to issue full-year guidance over coronavirus-related uncertainty. The lender’s stock plunged as much as 26 per cent in morning trading, its biggest intraday fall since 2016, despite it posting a strong set of results. Statutory profit before tax increased 14 per cent for the year [...]
OneSavings Bank and Charter Court Financial Services Group are in advanced talks about a merger that would create a lender worth more than £1.6bn Discussions have been ongoing for a number of months between two of Britain's biggest challenger banks and an announcement could confirm a deal within the next fortnight, according to Sky News. Read [...]
Publicly-traded British challenger banks suffered their worst day on record yesterday, as chancellor of the exchequer George Osborne said yesterday that a new corporation tax surcharge would take a significant chunk out of the industry’s profits. Reading-based retail bank Aldermore, which floated on the London Stock Exchange earlier this year, saw its share price [...]
Challenger bank OneSavings more than doubled its profits last year, yesterday reporting strong buy-to-let and small business lending. Statutory pre-tax profits came in at £63.7m for 2014, up from £31.4m in 2013. That includes the £7.4m OneSavings spent on its stock market flotation last summer. The bank is made up of several different units [...]
Shares dropped at OneSavings Bank yesterday as investors were disappointed with its performance in the first quarter since the lender floated on the stock market. The bank originated £0.4bn of new loans in the three months since it floated in June, taking loans for the year to date up to £1.1bn. “Demand in our chosen markets [...]
OneSavings Bank, the first British lender to float on the stock market since the turn of the century, yesterday said lower costs had helped to drive a four-fold rise in half-year profits. The lender, which offers mortgages and saving accounts through its Kent Reliance brand, said underlying pre-tax profits rose to £29.7m for [...]
Onesavings Bank, which plans to float on the London Stock Exchange next month, has beefed up its board by hiring two more industry veterans, the lender announced yesterday. Ex-Lloyds executive Graham Allatt and former Close Brothers director Mary McNamara have both joined the bank’s board. McNamara was formerly the group’s commercial division, and previously worked [...]
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