I-Banco Santander ithuthele e-United States ngesinye sezivumelwano ezinkulu kakhulu zebhizinisi emlandweni wayo wakamuva. Ibhange, eliholwa ngu U-Ana Botín isifinyelele esivumelwaneni sokuthola Inkampani Webster Financial CorporationInkampani engumzali weWebster Bank, ngamaRandi ayizigidi eziyizinkulungwane eziyi-12.200, ngenhloso yokuqinisa ukuba khona kwayo emakethe yaseNyakatho Melika nokuthola usayizi omkhulu ebhange lokuthengisa kanye nelezinkampani.
Ukuthengwa kweWebster kuza ngesikhathi lapho iqembu laseSpain libhekene nochungechunge lokulahlekelwa. izinzuzo zomlando —€14.101 billion ngo-2025, umphumela ophakeme kunayo yonke owake waqoshwa yibhange laseSpain— futhi ngemuva kokuthengiselana okuningana okubalulekile eYurophu, njengokuthengwa kwe-TSB e-UK kanye nokuthengiswa kwebhizinisi layo ePoland. Ngalesi sinyathelo, ibhange lisheshisa ushintsho lwalo ekugxileni ekukhuleni oluya I-United States kanye neNyakatho-mpumalanga, indawo uBotín ngokwakhe ayeyibone njengezibalulekile izikhathi eziningana.
Imininingwane yokuthengiselana kanye nentengo ekhokhiwe
Ngokusho kwemibhalo ethunyelwe ku- Ikhomishini Yezokuphepha Kazwelonke (CNMV)Ibhange laseSpain lilinganisa iWebster ku-$12.200 billion, cishe i-€10.100-10.300 billion ngokwesilinganiso sokushintshana kwamanje. $75 ngesabelo ngasinye seWebster, ehlelwe ngezigaba ezimbili: u-$48,75 ngemali kanye namasheya asanda kukhishwa e-Santander angu-2,0548 ngesimo sama-American Depositary Shares (ADS) ngesabelo ngasinye senhlangano yase-US.
Le ntengo imelela iprimiyamu elinganiselwa ku-14% ngenani elilinganiselwe lamasheya kaWebster ezinsukwini ezintathu ngaphambi kwesimemezelo, lapho ayehweba cishe ngama-$65,75. Ngemva kokuba lo msebenzi wenziwe obala, ukusabela kwemakethe yamasheya kuye kwaxubana: amasheya kaWebster aphinde akhuphuka cishe ngama- 9%kuyilapho amasheya kaSantander abhalwe eNew York ehlupheka ukwehla okungaphezu kuka-6%, okubonisa ukulungiswa kwemakethe okuvamile ngemva kokuthengwa okukhulu okukhokhelwe ingxenye nge-equity capital.
Uhlelo lokukhokha luhlanganisa cishe eyodwa 65% ngemali kanye no-35% kumasheya amasha ISantander, okudinga ukwenyuka okukhulu kwemali. Ibhange lilinganisela ukuthi lokhu kwenyuka kwemali kuzoba cishe 3.500-3.700 billion euroskuye ngentengo yamasheya ayo. Naphezu kwalokhu, ibhange ligcizelela ukuthi ukusetshenziswa kwamasheya alo imali eyengeziwe kanye nesizukulwane esizayo kuzobavumela ukuthi balondoloze isimo esikhululekile sokuxazulula izinkinga.
Ngokuphathelene nokulinganisa, intengo ekhokhwayo isho ukukhokha cishe Inzuzo elinganiselwa izikhathi ezingu-6,8 ngo-2028 Ukuhlanganiswa kwezindleko kukaWebster okwake kwaba khona, futhi cishe Inani lencwadi eliphathekayo eliphindwe kabili ekupheleni kwekota yesine ka-2025. Leli qembu lilinganisela ukuthi imbuyiselo emalini etshaliwe izoba cishe 15% nokuthi lo msebenzi uzohlinzeka ngokwanda kwe- 7%-8% enzuzweni ngesabelo ngasinye yeqembu ngo-2028.
Umthelela emalini, ezimalini kanye nasezimalini
Le nhlangano igcizelela ukuthi ukuthengwa kweWebster kuzoxhaswa kakhulu ngezimali imali eyengeziwe kanye nokukhiqizwa kwezinsiza ngokwazo yeqembu. ISantander ivale u-2025 ngesilinganiso semali sekhwalithi ephezulu I-CET1 ka-13,5%, ngaphezu kobubanzi obuqondiwe bebhange obungu-12% kuya ku-13%. Ngemva kokuqedwa kokuthengiselana, ibhange lilinganisela ukuthi lesi silinganiso sizoba cishe 12,8% futhi izodlula u-13% futhi ngo-2027, ihlale ekugcineni okuphezulu kobubanzi bayo bokubhekisela.
Umnikelo kaWebster ufinyelela cishe ku- 4% wempahla iyonke kusukela eSantander, ngakho-ke ukuthengwa kuyingxenye yesu lokuthenga okuhambisanayo, elaziwa emkhakheni ngokuthi imisebenzi ibhawudi livuliwe, eyenzelwe ukusheshisa ukukhula kwezinto eziphilayo ngaphandle kokunciphisa imali ngokweqile. Kulesi simo, inhlangano iphinde ibe nenzuzo edalwe ukuhlukaniswa kwamuva, njengokuthengiswa kwesabelo esiningi enkampanini yayo engaphansi kwe- Poland, okwamlethela izigidigidi zezinsizakusebenza kanye nenzuzo yezimali.
Ngokombono wezezimali, ukuhlanganiswa kweWebster kuzothuthukisa iphrofayili yoxhaso e-United StatesLeli qembu lilindele ukuthi isilinganiso semali mboleko nediphozithi kuleyo makethe sisondele kakhulu ku- 100%, uma kuqhathaniswa no-109% wamanje, ngenxa yesisekelo esiqinile sediphozithi zekhwalithi ephezulu ezinikezwa yibhange elithengiwe. Lokhu kuthuthukiswa kwebhalansi phakathi kwesikweletu nokonga kufanele kuhumushe kube yi- ukuncishiswa kwezindleko zezimali yebhizinisi laseMelika.
Esinye semiyalezo ebalulekile emakethe ukuthi lokhu kuthengwa ngeke kushintshe izinhlelo ze- iholo labanikazi bamasheyaIbhodi liqinisekisile izinhloso zalo zokubuyisela cishe [inani elingekho] kubatshalizimali phakathi kuka-2025 no-2026. 10.000 million euro ngokusebenzisa izinzuzo kanye nokuthengwa kabusha kwamasheya, ngaphezu kohlelo olwengeziwe lwe ukuthengwa kabusha kwezigidigidi ezi-5.000 okusanda kuvunyelwa. Eqinisweni, u-Ana Botín uphikise ngokuthi ukwanda kwemali okubangelwa ukuthengwa kweWebster kuzoncishiswa, ngokwemigomo yokwakhiwa kwenani, yilokhu kuthengwa kabusha kwamasheya.
Isikhundla sikaSantander e-United States ngemuva kokuthenga
I-United States izisungule njengenye yezindawo ezibaluleke kakhulu eminyakeni yamuva nje. abashayeli benzuzo abayinhloko yeqembu. Eminyakeni yamuva nje, inkampani engaphansi kweNyakatho Melika iqophe ukukhula okuphawulekayo kwemali engenayo engenayo kanye nenzuzo, okusekelwa yibhizinisi lezimali zabathengi, ikakhulukazi engxenyeni ye imali mboleko yemoto, kanye nokwandiswa kwebhizinisi layo lebhange lokutshalwa kwezimali.
Ngokuhlanganiswa kweWebster, iSantander izoba ngomunye walabo izinhlangano eziyishumi ezinkulu kakhulu zokuthengisa kanye nezamabhange ezinkampani ye-United States ngenani lempahla, futhi izoba phakathi kwe ezinhlanu eziphezulu ngamadiphozithi emazweni abalulekile asenyakatho-mpumalanga lapho ihlose ukugxila khona ekukhuleni kwayo. Leli qembu lilinganisela ukuthi, ngemva kokuthengwa, ibhalansi yalo ehlanganisiwe kuleyo makethe izofinyelela cishe Impahla eyizigidigidi ezingama-327.000 zamaRandi, ngezimali mboleko ezingaba yizigidigidi ezingu-185.000 kanye nezimali ezidiphozithi eziyizigidigidi ezingu-172.000.
Isifunda saseNyakatho-mpumalanga—esinezifundazwe ezifana neConnecticut, iMassachusetts, iNew York, neNew Jersey—simelela indawo amandla okuthenga aphezulu kanye nobuningi obukhulu bamakhasimende ngabanye nabebhizinisi. Ngamazwi kaBotín uqobo, isisindo sezomnotho sale ndawo sifana nesika “yonke i-United Kingdom"Lokhu kuqinisekisa isinqumo seqembu sokudala ibhange elikhulu lesifunda esikhundleni sokufuna, okwamanje, ukuba khona okufanayo okubonakalayo kulo lonke izwe."
Lo msebenzi uhambisana nokusetshenziswa kwe I-OpenbankIpulatifomu yasebhange yedijithali yaseSantander, eyasungulwa e-United States ngo-2024. Nakuba i-Openbank ihlose kakhulu izilaleli zedijithali kanye nokuthengwa kwediphozithi ku-inthanethi, iWebster inikeza inethiwekhi yegatsha elihlanganisiwe kanye ubudlelwano obuqinile namakhasimende endawoLokhu kuvumela iqembu ukuthi lihlanganise iziteshi ezibonakalayo nezedijithali emakethe encintisana kakhulu.
Ngokombono wokulawula, ukuhlanganiswa kweWebster kuzosondeza iSantander emkhawulweni obekwe yi- I-Federal Reserve (i-FED) Ukuhlukaniswa njengebhange “elinokuchayeka okukhulu” e-United States—elaziwa ngokuthi yi-Tier III—isimo esifinyelelwe ngokudlula amaRandi ayizigidi eziyizinkulungwane ezingama-250.000 ezimpahla ezweni. Leli zinga lihlanganisa izidingo zomthetho eziqinile, kodwa futhi liqinisa isikhundla sale nhlangano phakathi kwabadlali abakhulu ohlelweni lwezezimali lwaseNyakatho Melika.
Ungubani uWebster futhi kungani efanela isu leqembu?
I-Webster yibhange laseMelika eline- umzila omude, eyasungulwa ngo-1935 futhi ikomkhulu layo lise- Stamford (Connecticut)Umsebenzi wayo ugxile ebhange lokuthengisa kanye nelezinkampani, kanye nezindawo ezithile ezikhethekile njengezinsizakalo zezezimali ze umkhakha wezokunakekelwa kwempiloLe nhlangano isendaweni enhle kakhulu ezimakethe ezihola kahle kanye nase- ukuxhaswa ngezimali kwezinkampani eziphakathi nendawo, izingxenye ezibhekwa njengezinobuqhinga yiSantander.
I-franchise yase-US kaSantander, yona, ibilokhu ithembele kakhulu ku- ezezimali zabathengi, ikakhulukazi esigabeni semali mboleko yezimoto, futhi eminyakeni yamuva nje ikhulise ukuba khona kwayo ebhange lokutshalwa kwezimali. Ukulingana phakathi kwamabhange amabili kubhekwa njengokuphezulu kakhulu: I-Webster inikela nge- isisekelo sediphozithi esihlukahlukene nesisezingeni eliphezulu, inethiwekhi yamakhasimende ebhizinisi kanye nokusebenza kahle okuvelele, kuyilapho iSantander inezela ukufinyelela kwamazwe ngamazwe, imisipha yezobuchwepheshe kanye nekhono lomkhiqizo.
Ngokwezibalo ezinikezwe yiqembu, uWebster uphakathi kwalabo izinhlangano ezisebenza kahle futhi ezinenzuzo kakhudlwana kwesigaba sayo e-United States. Lesi sici siyisihluthulelo sezifiso zebhange laseSpain, elifuna ukwandisa inzuzo yebhizinisi lalo kuleli zwe futhi lilisondeze emazingeni ama-franchise alo amahle kakhulu emhlabeni jikelele.
Ukuthengwa kweWebster kunezela ku eminye imisebenzi yangaphambilini iqembu eliye lalungisa ngayo ububanzi balo. EYurophu, ukuthengwa kwe I-TSB e-United Kingdom Futhi ukuthengiswa kwephesenti elikhulu lenkampani engaphansi kwayo ePoland kukhombisa iphethini ecacile: ukushintshanisa izimpahla, ukuhlukanisa amabhizinisi angabalulekile kakhulu kanye nokuqinisa ukuba khona kwayo lapho ibona khona amathuba amaningi okukhula okunenzuzo, okuhlanganisa ne-United States neMexico, izimakethe uBotín ngokwakhe ayezisho njengezibalulekile iminyaka eminingi.
Ibhange ligcizelela ukuthi ukuthengiselana akushintshi isu lalo. ukukhula okuphilayoKunalokho, kusheshisa ukukhula, kuyilapho kuvumela iSantander ukuthi ibambe amathuba engeziwe emali engenayo futhi ithuthukise ingxube yayo yebhizinisi kwenye yezimakethe zayo ezibalulekile. Kuze kube yilapho ukuthengiselana sekuqediwe ngokugcwele, bobabili iSantander neWebster bazoqhubeka nokusebenza ngokuzimela, ngaphandle kokushintsha ama-akhawunti, amagatsha, noma izinsizakalo kumakhasimende anoma iyiphi inhlangano.
Izinhloso zokubambisana, ukusebenza kahle kanye nenzuzo
Ngale kokukhula kosayizi, enye yamandla amakhulu okusebenza itholakala ku- ukusebenzisana kwezindleko kanye nasekuthuthukiseni ukusebenza kahle. USantander ulinganisela ukonga okuphindaphindiwe okucishe kube yi- Ama-dollar ayi-800Lokhu konga kumele cishe u-19% wesisekelo sezindleko ezihlanganisiwe zezinhlangano zombili e-United States. Kuzovela ekuhlanganisweni kwezakhiwo eziyinhloko, ukuhlanganiswa kwamapulatifomu obuchwepheshe, ukuxoxisana nabaphakeli, kanye nokwenza ngcono izinqubo.
Ngokwemigomo yokusebenza, isisekelo sezindleko ezihlanganisiwe zamabhizinisi ahlanganisiwe, okwamanje esimi cishe Ama-dollar ayi-4.451, yayizoncipha kancane kancane kuze kube yilapho isiseduze Izigidi ezingu-3.500 kungakapheli iminyaka emithathu. Ukuze kufezwe lokhu, iqembu lihlela izindleko zokuhlela kabusha cishe amaRandi ayizigidigidi eziyi-1.600, okuhloswe ngawo ukumboza ukulungiswa kwenhlangano, ukuhlanganiswa kwezinhlelo kanye nezinye izindleko ezihlobene nenqubo yokuhlanganisa.
Umgomo uwukuba nesilinganiso se- ukusebenza kahle yebhizinisi e-United States—elinganisa ubudlelwano phakathi kwezindleko nemali engenayo—ingaphansi kwe- 40% ngo-2028, izinga elizobeka inhlangano ehlanganisiwe phakathi kwezivelele kakhulu ezweni maqondana nokulawulwa kwezindleko. Ngesikhathi esifanayo, iSantander ihlose ukubuyiselwa kwemali ebonakalayo (ROTE) ye-franchise yayo yaseMelika ifinyelela ku- 18% ngaphakathi kwaleso sikhathi esifanayo.
Lezi zinhloso ziyingxenye yesu elibanzi leqembu, elilandela i-RoTE yomhlaba wonke ingaphezu kwama-20% ngo-2028Abaphathi babheka ukuthengwa kweWebster "njengokubalulekile ngokwecebo" ekufinyeleleni lelo nani, kokubili ngomnikelo oqondile webhizinisi lase-US kanye nokuthuthukiswa kwengozi, inzuzo kanye nephrofayili yokuxhaswa kwebhange lonke.
Ngesikhathi esifanayo, inhlangano igcizelela ukuthi lo msebenzi wenzelwe ukugcina ukuziphatha okuqinile ekwabiweni kwemaliUkusetshenziswa kwemali eyengeziwe, kuhlanganiswe nokukhiqizwa kwezinto eziphilayo kanye nosayizi wokuthengwa okulinganiselwe maqondana nebhalansi iyonke, kuvumela iqembu ukuthi liqhubeke nenqubomgomo yalo yokuthenga izabelo kanye nokubuyisela amasheya ngaphandle kokuyeka eminye imisebenzi yokukhula eYurophu noma eLatin America.
Ithimba lokuphatha, ukuhlanganisa kanye nokuphatha e-USA
Ukuhlelwa kabusha kwe- ithimba labaphathi E-United States, lesi esinye isici esibalulekile sale ntengiselwano. Ngemva kokuthi ukuthenga sekuqediwe, UChristiana Riley uzoqhubeka nokwenza njenge inhloko yezwe waseSantander e-United States kanye ne-CEO ye I-Santander Holdings USA (SHUSA), ukugcina umthwalo wemfanelo wokugcina wesu kanye nokwengamela ibhizinisi leqembu ezweni.
I-CEO yamanje kaWebster, UJohn Ciulla, uzoqhubeka nokuphatha Ibhange laseSantander NAInhlangano ezohlanganisa wonke amabhizinisi kaWebster futhi izohlanganiswa nesakhiwo seqembu. Eceleni kwayo, ULuis MassianiIsikhulu Esiphezulu Sokusebenza sikaWebster (COO) sizothatha indima efanayo kokubili eSHUSA naseSantander Bank NA, ngenhloso yokuhola i- inqubo yokuhlanganisa futhi kuhlanganiswe ukuhlanganiswa kokusebenza kwalezi zinhlangano zombili.
Umqondo weqembu ukulondoloza kakhulu Ithimba lokuphatha leWebster futhi isebenzise ulwazi lwayo ngemakethe yendawo, ikakhulukazi ebhange lokuthengisa kanye nelezinkampani enyakatho-mpumalanga ye-United States. Ibhange likhombisile ukuthi lifuna ukuqinisekisa ukuqhubeka kobudlelwano namakhasimende kanye nemiphakathi, okuyinkinga ebucayi lapho kuhlangana khona izinhlangano zesifunda ezigxile kakhulu.
Ngokuphathelene nesakhiwo senkampani, indlunkulu yamanje kaWebster e- Stamford kuhloswe ukuba kube isikhungo sebhizinisi esiyinhloko ngaphakathi kwenethiwekhi yezindawo eziqondiwe zeSantander e-United States, okuhlanganisa namadolobha afana neBoston, iNew York, iMiami, neDallas. Ngale ndlela, leli qembu liqinisa ukuba khona kwalo ngokomzimba emhubheni obalulekile wezomnotho wezwe.
Ukuze kuklanywe futhi kuqhutshwe umsebenzi, uSantander uthembele eselulekweni sezezimali sika Abalingani be-Centerview, i-Goldman Sachs kanye ne-Bank of America Europe DACNgokomthetho, inhlangano ithembele ku- UDavis Polk & Wardwell LLP njengenkampani yabameli ehamba phambili e-United States kanye nase- U-Uria Menendez njengomeluleki wezomthetho eSpain, ukubambisana okuvamile ezinkontilekeni ezinkulu zeqembu.
Ukuthengiselana kuncike ku- izigunyazo zokulawula okuvamile ekuthengiselaneni kwalolu hlobo futhi kuncike ekuvunyelweni kwabanikazi bamasheya bazo zombili izinhlangano. Umugqa wesikhathi osetshenziswe nguSantander ubeka isiphetho sokugcina ku isigamu sesibili sika-2026, lapho izindleko kanye nemali engenayo elindelwe zizoqala ukubonakala khona kancane kancane.
Isivumelwano sokuthenga iWebster siqinisa iBanco Santander njengomunye wabadlali abakhulu baseYurophu abakhona kakhulu e-United States futhi siqinisa isu layo lokuhlanganisa. ukukhula kwezinto eziphilayo kanye nokutholwa okukhethiwe ezimakethe ezibalulekile. Le nhlangano ithola imiphumela eqopha umlando ngonyaka, igcina inqubomgomo yayo yokukhokhelwa kwabanikazi bamasheya futhi, ngesikhathi esifanayo, izibophezele ekuthengiselaneni okuzoyivumela ukuthi ikhule, ithuthukise ukusebenza kwayo kahle futhi yandise inzuzo yebhizinisi layo emakethe yezezimali enkulu kunazo zonke emhlabeni, ikakhulukazi enyakatho-mpumalanga ye-United States, lapho ifisa khona ukuba ngumholi ebhange lokuthengisa kanye nelezinkampani.
