Image: MorningstarSantander Receives Federal Reserve Approval for the Acquisition of Webster Financial Corporation
• Banco Santander, S.A. has received official approval from the Board of Governors of the Federal Reserve to acquire Webster Financial Corporation. • The deal aims to strengthen Santander's U.S. franchise, with most of Webster's operations being integrated into Santander Bank, N.A. upon closing. • Santander projects significant financial gains by 2028, including a return on tangible equity (RoTE) of approximately 18% and an earnings per share accretion of 7–8%.
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