Santander won its appeal on Tuesday against a London court ruling that had ordered it to pay about £677 million ($912 million) to French insurer AXA for costs arising from the mis-selling of payment protection insurance in the U.S.
BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“SHUSA”) today announced that, on October 15, 2026, it will redeem all of the 135,000 outstanding shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I (“Series I Preferred Stock”), and the corresponding 5,400,000 depositary shares, NYSE: SNUS PF I, CUSIP 80282 K809 (“Depositary Shares”), each representing a 1/40...
BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”), the intermediate holding company for Banco Santander, S.A. (“Santander”) in the United States, today announced that, through a series of transactions, it has completed the acquisition of Webster Financial Corporation (“Webster”), the holding company for Webster Bank, N.A. (“Webster Bank”). Building on Santander's decades-lo...
UBS reiterated its 'overweight' stance on European banks after a strong second-quarter earnings season prompted fresh upgrades to profit forecasts across the sector. The 40 major lenders UBS tracks reported pre-tax profit around 6% above consensus, helped by better net interest income, stronger fee income and stable costs.
Mexican banking affiliates of Bank of America , Banco Santander , BBVA , Citigroup , Deutsche Bank and HSBC agreed to pay $86.4 million to settle a long-running antitrust lawsuit by investors who accused them of rigging the market for Mexican government bonds.
NEW YORK, Aug. 13, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P MidCap 400: Reddit Inc. (NYSE: RDDT) will replace AvalonBay Communities Inc. (NYSE: AVB) in the S&P 500 effective prior to the opening of trading on Tuesday, August 18. S&P 500 constituent Equity Residential (NYSE: EQR) is acquiring AvalonBay Communities in a deal expected to be...
BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”) today released findings from its Santander US Paths to Financial Prosperity Q2 2026 survey of middle-income Americans that shows households continue to value in-person support for life's biggest financial decisions. This includes receiving in-branch support from bank staff on complex issues and help from customer-facing team...
Santander says the Federal Reserve has approved its acquisition of Webster Bank. The $12 billion deal for the Connecticut-based Webster is now expected to close Aug. 20, Santander said in a news release late Tuesday (Aug. 4).
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