Banco Santander News
Banco Santander is a major Spanish banking group that joined a consortium to bid for a European AI gigafactory.
Santander Buys Webster Financial for US Expansion
Banco Santander has finalized its acquisition of US bank Webster Financial, a deal valued at approximately $12.5 billion (€10.8 billion). The acquisition, announced six months ago, received all necessary regulatory and shareholder approvals, including from the Federal Reserve.
Fed Approves Santander's Webster Bank Acquisition
The U.S. Federal Reserve has authorized Banco Santander to proceed with its acquisition of Webster Bank. The deal, valued at over $12 billion, is expected to close by August 20 and aims to strengthen Santander's U.S. business.
Santander Profit Jumps 31% to 8.97 Billion Euros
Banco Santander's first-half net profit rose 31% to 8.97 billion euros, driven by the sale of its Polish business. Excluding extraordinary items, profit increased 15% to 7.33 billion euros. The acquisition of TSB in the UK also contributed.
Banco Santander is a major Spanish banking group that joined a consortium to bid for a European AI gigafactory.