Banco Santander stock falls after $12.2bn Webster deal puts capital in the spotlight
Banco Santander shares fell 3.5% to 10.70 euros in Madrid after announcing a $12.2 billion deal to buy U.S. lender Webster Financial. Santander will pay Webster shareholders $48.75 in cash plus 2.0548 ADS per share, with the deal expected to close in late 2026 pending approvals. The bank also launched a 5 billion-euro share buyback program set to run through July 2026.