1654 GMT - Spain's Santander will focus on organic growth and isn't planning to pursue any more acquisitions or disposals, the bank's chair says at a press conference. The group announced a $12.3 billion deal to buy Webster in the U.S., months after agreeing to buy TSB in the U.K. and exiting its Polish business. "We are where we want to be, we are at the scale we need to be," Ana Botin says. "In one year, we have managed to exit a market where we had no synergies or network effect with other markets and enter two where we do have them, bringing those two markets to the scale necessary to be one of the most profitable banks," she added, referring to the U.S. and the U.K. Shares are down 3.5% at 10.69 euros. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

February 04, 2026 11:54 ET (16:54 GMT)

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