Charter Court Financial Services Group plc (LSE:CCFS) and OneSavings Bank Plc (LSE:OSB) are in advanced talks about an all-share tie-up, Sky News learns. Sky News has learnt that OneSavings Bank and Charter Court Financial Services Group have been holding on-off discussions about a deal ?for months. The talks are now said to be at an advanced stage, with an announcement confirming the merger possible within the next fortnight.

However, one source close to the deal said it could still fall apart. Under the proposed terms of the agreement, OneSavings would use its paper to make an offer for Charter Court. A source said the deal would be priced based on the prevailing share prices of the two companies during the period leading up to it.

A spokesman for OneSavings? declined to comment, while Charter Court could not be reached for comment.