Banco Santander Acquires Webster Bank's Parent Company in $12.3 Billion Deal

Banco Santander has announced its acquisition of Webster Bank's parent company in a transaction valued at $12.3 billion, involving both cash and stock. Wall Street Journal (Markets) posted on X, highlighting the strategic move by Banco Santander to expand its presence in the U.S. banking sector. This acquisition is expected to enhance Santander's market position and provide new growth opportunities. The deal reflects Santander's ongoing strategy to strengthen its operations and increase its footprint in key markets. Further details on the integration process and future plans are anticipated as the transaction progresses.