All articles tagged with #santander
Santander plans to acquire Webster Financial in a $12.2 billion deal funded with stock and cash, creating a top-10 US retail and commercial bank with about $327 billion in assets and about $800 million in annual cost synergies; the transaction is expected to close in the second half of 2026, signaling Santander's intensified push into the US market, which helped lift its 2025 net profit to a record €14.1 billion.
Banco Santander will acquire Webster Financial in a cash-and-stock transaction valued at about $12.3 billion, with Webster shareholders receiving $48.75 in cash and 2.0548 Santander ADS per Webster share. The deal is subject to customary closing conditions, including regulatory and stockholder approvals, and is expected to close in the second half of 2026. Webster will become a wholly owned subsidiary of Santander, with leadership integrated into Santander's U.S. operations.
Santander plans to acquire Webster Financial (Webster Bank) in a deal valued at about $12.2 billion, expanding the Spanish bank's footprint in the US; the merger is subject to regulatory approvals and standard closing conditions.
Santander is set to acquire TSB from Sabadell for £2.65 billion, strengthening its position in the UK market, expanding its customer base, and aiming for operational efficiencies and increased profitability, with completion expected in early 2026.
A massive data breach affecting up to 560 million Ticketmaster accounts and confirmed breaches at Santander Bank have been linked to compromised Snowflake cloud storage accounts. The hacker group ShinyHunters reportedly accessed these accounts using stolen credentials from a Snowflake employee, bypassing Okta authentication, and then sold the data on the dark web. Snowflake disputes the findings, claiming no sensitive information was accessed. The breaches have exposed personal information including names, emails, addresses, and hashed credit card numbers.
Hackers are offering to sell stolen customer and staff details from Santander, raising significant cybersecurity concerns for the bank and its clients.
The threat actor ShinyHunters claims to be selling data from a recent breach of Santander Bank, affecting 30 million customers and employees in Chile, Spain, and Uruguay. This follows Santander's disclosure of a data breach two weeks ago. ShinyHunters, known for previous high-profile data breaches, is offering the data for $2 million, though Santander's customer numbers suggest the claim may be exaggerated. The sale was first listed on the Exploit hacking forum before appearing on the newly restored BreachForums, raising questions about its authenticity.
Hackers from the group ShinyHunters have stolen and are attempting to sell confidential information belonging to millions of Santander staff and customers, primarily affecting those in Chile, Spain, and Uruguay. Santander has confirmed the breach but stated that no transactional data or online banking credentials were compromised. The breach is linked to a larger hack involving the cloud storage company Snowflake.
Apple faces a possible €500m fine from the EU over alleged breaches of competition law related to its App Store rules; Ethereum's price hits over $2,900 as co-founder Vitalik Buterin hints at AI integration and the upcoming Dencun upgrade; Santander plans to pay shareholders €5.5bn after posting record profits in 2023; Chinese online shopping giant JD.com explores a takeover of Currys, potentially sparking a bidding war after the electricals retailer rejected a private equity approach.
Iran reportedly used accounts at Lloyds and Santander to evade sanctions, highlighting the challenges of international banking regulations in preventing such activities.
Barclays and Santander have cut mortgage rates by up to 0.82 percentage points, intensifying competition among lenders for those seeking new deals, particularly for remortgaging. This comes as relief for the 1.6 million borrowers with expiring fixed-rate deals, potentially easing the financial impact of transitioning into higher rates. The average rate for new two-year fixed mortgage deals has dropped to 5.76%, down about a percentage point from last year's peak, while the average rate for five-year deals is now 5.37%. However, forecasters still anticipate that relatively high mortgage rates may lead to decreased house prices and increased arrears this year.
Santander's corporate and investment bank (CIB) is actively hiring, with sources saying it is a "safe shop for people who need balance sheet and who want an undemanding life". The bank has been hiring from Credit Suisse, Perella, Guggenheim, JPMorgan, Deutsche Bank and Barclays. While the pay is good, it is not as high as at US banks. The bank's CIB revenues were healthy in the past quarter, and insiders say life is pretty good there, with hours being less demanding than at US firms.