Exclusive: Senators Moreno and Sheehy Warn Against Planned Spanish Acquisition of Connecticut Bank

United States Senators Bernie Moreno (R-OH) and Tim Sheehy (R-MT) have warned against the acquisition of a Connecticut-based bank by Spanish banking giant Santander, highlighting the risks posed to American workers and businesses by decisions made in Madrid amid growing divisions between the socialist government and Washington.

In a letter exclusively obtained by Breitbart News, Republican Senators Moreno and Sheehy expressed deep concerns about the pending acquisition of Webster Financial Corporation, a $84 billion-asset Connecticut-based bank, by Spain’s Banco Santander.

Writing to U.S. Attorney General Todd Blanche, Federal Reserve Chairman Jerome Powell, Comptroller of the Currency Jonathan Gould, and Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill, the American lawmakers said that the “ceding control over U.S. deposits, data, and credit decisions to Spain’s premier bank raises questions that warrant careful regulatory scrutiny”.

The Senators noted that the matter has become particularly sensitive “given that Spain has not