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Chancellor Rallies Retail Banks Behind Her Economic Plan

Chancellor Rachel Reeves met on 22 April 2026 with CEOs of Barclays UK, Lloyds Banking Group, Santander UK, NatWest Group, Nationwide Building Society, and HSBC UK to discuss the government's economic plan. The meeting, held during Fintech Week 2026, addressed global uncertainty following the Middle East conflict and highlighted the financial services sector's role in managing risk and supporting households. Ministers also discussed the Financial Services Growth and Competitiveness Strategy, including Targeted Support for retail investment, skills reforms, and major pensions reform via the Pensions Bill.

Santander to Acquire Webster Financial Corporation - Federal Reserve Application Notice

The Federal Reserve published a notice that Banco Santander S.A. and Santander Holdings USA, Inc. have applied to acquire Webster Financial Corporation and its subsidiary Webster Bank, National Association, both of Stamford, Connecticut. The application also involves indirect acquisition of MW Advisor entities for investment advisory activities. Public comments on the application must be submitted by May 7, 2026.