Santander wins Fed approval for Webster Financial acquisition
Reuters2026/08/04 22:39- Santander secured Federal Reserve clearance for its acquisition of Webster Financial, the parent of Webster Bank.
- The deal is now expected to close on Aug. 20, 2026.
- Santander expects about 7%-8% EPS accretion by 2028.
- Targets around 18% return on tangible equity for its US business by 2028.
- Forecasts an estimated 15% return on invested capital by 2028.
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