How Santander plans to avoid U.S 'graveyard' for European banks

Key insight: Banco Santander's pending acquisition of the Northeast regional bank Webster Financial is one leg of the Spanish bank's plan to boost U.S. profitability, executives said Wednesday.What's at stake: Santander laid out new financial targets, including a U.S. return on tangible equity goal of 18% by 2028.Forward look: The proposed acquisition of Webster is expected to close during the second half of this year.Executives at Spain's Banco Santander are confident in their ability to improve profitabil ...