The Fed authorizes the purchase of Webster by Santander and the operation will close in two weeks
La entidad española se hará con la estadounidense a cambio de más de 10.000 millones
Banco Santander and Webster Financial Corporation have announced that they have already obtained approval from the US Federal Reserve for the acquisition by the Spanish entity of the US brand in a deal valued at more than $12 billion (just over €10 billion at the current exchange rate). With this final approval, the deal will be closed "predictably" on August 20, 2026, according to a statement from the bank chaired by Ana Botín.
The doubts that arose over the acquisition due to tense political and commercial relations between Spain and the US in recent years are now behind them; these doubts even led Republican senators to officially request that President Donald Trump block it.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
