Banco Santander's pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months ...

Santander said the acquisition is intended to “strengthen” its US operations and support its financial targets.

The $12.3 billion transaction – approved by the Fed 129 days after the application was filed – is expected to close Aug. 20, ...

Banco Santander is on the verge of completing its acquisition of Webster Bank, six months after announcing the deal.

The Federal Reserve approval clears the way for the acquisition to close Aug. 20, after which Webster Bank will become wholly ...