Santander-Webster Financial deal could be stalled by Trump suspending trade with Spain, Wells Fargo analyst says
بانكو سانتاندير -0.56%
ويبستر فاينانشال -0.11%
Banco Santander S.A. Sponsored ADR SAN | 12.49 | -0.56% |
Webster Financial Corporation WBS | 72.52 | -0.11% |
NEW YORK, March 3 (Reuters) - The acquisition of Webster Financial by Santander could be stalled by president Trump's decision to suspend trade with Spain, Wells Fargo bank analyst Mike Mayo said in a note to clients on Tuesday.
Mayo downgraded Webster stock citing potential hurdles to approve the deal.