Santander Said To Restart U.S. Unit Merger Talks

Banco Santander reportedly has restarted discussions to merge its U.S. unit, Sovereign, with M&T Bank.

  • 17 Aug 2010
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Banco Santander reportedly has restarted discussions to merge its U.S. unit, Sovereign, with M&T Bank. Talks between the Spanish bank and the Buffalo, N.Y.-based M&T broke down in May over which if the two institutions would control the combined business. Sources said over the past several weeks Santander and M&T have met with regulators, including the Federal Reserve, about the possible merger.

Click here to read the story from The Financial Times.

  • 17 Aug 2010

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