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M&T Bank (MTB -6%) is the day's biggest S&P decliner on reports that deal talks between...

M&T Bank (MTB -6%) is the day's biggest S&P decliner on reports that deal talks between M&T and Banco Santander (STD -1.5%) had stalled in recent days. M&T wants guarantees that it will run the day-to-day operations of the combined bank, which Santander officials are unwilling to do.
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