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Story summary
- Santander will acquire Webster Financial for $12.2 billion, creating a top-10 U.S. retail and commercial bank.
- The deal is expected to close in the second half of 2026 and will boost Santander's scale.
- Chairman Ana Botin says the acquisition will improve the bank's funding mix and lower costs.
- Santander projects 2025 net profit to rise 12% to 14.1 billion euros and will reveal new targets on February 25, 2026.
