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commerce
shāng yè
商业
·HSK 2

Spain / Spanish
Xībānyá
西班牙
Santander (bank)
Sāngtǎndé
桑坦德
bank
yínháng
银行
to announce
xuānbù
宣布
for / at (a price of)
$12.3 billion
123亿美元
123亿美元
to acquire / acquisition
shōugòu
收购
Webster (bank)
Wéibósītè
韦伯斯特
bank
yínháng
银行

Spain / Spanish
Xībānyá
西班牙
Santander (bank)
Sāngtǎndé
桑坦德
bank
yínháng
银行
on (formal preposition)
February 3rd
èr yuè sān rì
二月三日
to announce
xuānbù
宣布
will / plans to
jiāng
for / at (a price of)
approximately
yuē
$12.3 billion
123亿美元
123亿美元
to acquire / acquisition
shōugòu
收购
United States
Měiguó
美国
Webster (bank)
Wéibósītè
韦伯斯特
bank
yínháng
银行
merger / to merge
hébìng
合并
to complete
wánchéng
完成
after
hòu
total assets
zǒng zīchǎn
总资产
will
jiāng
to reach / to amount to
approximately
yuē
$327 billion
3270亿美元
3270亿美元
Santander
Sāngtǎndé
桑坦德
will
jiāng
to become
chéngwéi
成为
United States
Měiguó
美国
top 10
qián shí dà
前十大
bank
yínháng
银行
one of
zhī yī
之一

February 3, 2026 at 4:00 PM

Spain / Spanish
Xībānyá
西班牙
Santander (bank)
Sāngtǎndé
桑坦德
bank
yínháng
银行
to announce
xuānbù
宣布
to acquire / acquisition
shōugòu
收购
United States
Měiguó
美国
Webster (bank)
Wéibósītè
韦伯斯特
bank
yínháng
银行
acquisition / to acquire
shōugòu
收购
amount / sum
jīné
金额
approximately / about
yuē wéi
约为
$12.3 billion
123亿美元
123亿美元
this (time / deal)
zhè cì
这次
acquisition
shōugòu
收购
on (formal preposition)
February 3rd
èr yuè sān rì
二月三日
to announce / to make public
gōngbù
公布
deal / transaction
jiāoyì
交易
method / manner
fāngshì
方式
is / to be
shì
cash
xiànjīn
现金
and / with
stock / shares
gǔpiào
股票
(structural particle)
de
combination / mix
jiéhé
结合
merger / to merge
hébìng
合并
after
hòu
two (companies / banks)
liǎng jiā
两家
bank
yínháng
银行
(structural particle)
de
total assets
zǒng zīchǎn
总资产
approximately
yuē wéi
约为
$327 billion
3270亿美元
3270亿美元
this
zhè
will
jiāng
to make / to allow
shǐ
使
Santander
Sāngtǎndé
桑坦德
to become
chéngwéi
成为
United States
Měiguó
美国
top 10
qián shí dà
前十大
bank
yínháng
银行
one of
zhī yī
之一
deal / transaction
jiāoyì
交易
expected / projected
yùjì
预计
in (formal)
the year 2026
2026年
2026年
second half of the year
xià bànnián
下半年
to complete / to close
wánchéng
完成

New Words

yínháng
银行
bank
shōugòu
收购
to acquire
měiyuán
美元
US dollars
jīné
金额
amount
jiāoyì
交易
transaction
xiànjīn
现金
cash
gǔpiào
股票
stock
hébìng
合并
merger
zǒng zīchǎn
总资产
total assets
wánchéng
完成
to complete

News in English

Business

Santander Agrees to Acquire Webster Bank for $12.3 Billion in Push to Enter Top 10 US Banks

Spanish bank Santander announced on February 3 it would acquire US lender Webster Financial for approximately $12.3 billion. After the merger, the combined entity will have around $327 billion in total assets, placing Santander among the top 10 banks in the United States.

Spanish Santander bank announced acquisition of United States Webster bank. The acquisition amount is approximately 12.3 billion dollars. This acquisition was announced on February 3rd. The transaction method is a combination of cash and stock. After the merger, the total assets of the two banks are approximately 327 billion dollars. This will make Santander one of the top 10 banks in the United States. The deal is expected to be completed in the second half of 2026.

More in Business

Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
上市
fundraising
róngjī
融资
$752 million
7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨

PepsiCo Earnings Disappoint as US Stocks Edge Higher