MADRID & STAMFORD, Conn.--(BUSINESS WIRE)--Banco Santander, S.A. (“Santander”) and Webster Financial Corporation (“Webster”) today announced that they have received the required approval from the Board of Governors of the Federal Reserve System for Santander's previously announced acquisition of Webster, the holding company for Webster Bank, N.A., a diversified U.S. retail and commercial bank. ...
Santander said on Thursday it intends to launch an offer to acquire the remaining shares it does not already own in its Brazilian unit , through a share swap.
Banco Santander Brasil's second-quarter net profit fell 17.6% to 3.01 billion reais ($586.86 million), the lender said on Wednesday, below the 3.9 billion reais expected by analysts polled by LSEG.
Santander's digital transformation and targeted deployment of artificial intelligence helped it achieve record profits in the first half, the bank said in a Wednesday (July 22) earnings release. The bank's underlying profit rose 15% to reach a record 7.3 billion euros (about $8.3 billion) in the first half.
Net profit was down 36% compared with the prior quarter, which the bank attributed to restructuring charges arising from recent deals.
Spain's Santander said on Wednesday its net profit in the second quarter rose 3% from the same period in 2025, supported by higher revenues and two months' contributions of British lender TSB, which was partly offset by restructuring charges in Britain.
The European Commission is mulling a major deregulation push which could boost the fortunes of the region's banks. Brussels is keen to improve the competitiveness of European banks, which are lagging their U.S. counterparts.