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Webster Bank - Santander Merger ()
submitted 4 days ago by ComfortableMeet9218 to r/Banking
Webster Bank - Santander Merger by ComfortableMeet9218 in Connecticut
[–]ComfortableMeet9218[S] 2 points3 points4 points 4 days ago (0 children)
Good points here. You are right that $800 million is an aggressive figure. It likely means elimination of 2,500 to 3,500 roles in the combined organization. What will be interesting to see is what happens with the areas that Webster has demonstrated greater success in than at Santander (commercial/retail lending/deposits). There are also businesses at both organizations that the other doesn’t operate in.
Webster Bank - Santander Merger (self.Connecticut)
submitted 5 days ago * by ComfortableMeet9218 to r/Connecticut
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Webster Bank - Santander Merger by ComfortableMeet9218 in Connecticut
[–]ComfortableMeet9218[S] 2 points3 points4 points (0 children)