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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

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.

More in Business

United States and Iran
Měi Yī
美伊
ceasefire
tínɡhuǒ
停火
news / information
xiāoxi
消息
to come in / to arrive (news)
chuánlái
传来
international
ɡuójì
国际
oil price
yóujià
油价
May
5 yuè
5月
to drop sharply / to fall significantly
dàdiē
大跌
17 percent
17%
17%

International Oil Prices Fall 17 Percent in May on US-Iran Ceasefire Reports

Snowflake (cloud data company)
Snowflake
Snowflake
quarterly / fiscal quarter
jìdù
季度
revenue / earnings
yínɡshōu
营收
to exceed / to surpass
chāochū
超出
expectations / forecast
yùqī
预期
and / also
bìng
with
Amazon
Yàmǎxùn
亚马逊
to sign / to conclude
qiānshǔ
签署
$6 billion
60 yì měiyuán
60亿美元
agreement / deal
xiéyì
协议

Snowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal

China
Zhōngguó
中国
April
sì yuè
四月
industrial / industry
gōngyè
工业
profit
lìrùn
利润
to grow / growth
zēngzhǎng
增长
24.7 percent
24.7%
24.7%

China Industrial Profits Surge 24.7 Percent in April, Fastest Gain in Over Two Years

Meta (company name, formerly Facebook)
Meta
Meta
to lay off employees / layoffs
cáiyuán
裁员
8,000 people
bā qiān rén
八千人
to accelerate / to speed up
jiāsù
加速
toward / to
xiàng
artificial intelligence
réngōng zhìnéng
人工智能
business / operations
yèwù
业务
to transform / transformation
zhuǎnxíng
转型

Meta Cuts 8,000 Jobs in Sweeping Restructuring Toward AI