trending Market Intelligence /marketintelligence/en/news-insights/trending/kB9lLa_1Obkpe43doNsgdA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Bank of Portugal reviews billionaire's fitness as shareholder after asset freeze

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy, Reiterate Rates Likely On Hold

Street Talk Episode 55: Talking Bank Stocks, Playing The M&A Trade With Longtime Investor


Bank of Portugal reviews billionaire's fitness as shareholder after asset freeze

Portugal's central bank is reviewing the suitability of businesswoman Isabel dos Santos as a shareholder in local banks following a recent court order that her assets in Angola be frozen, Reuters reported.

A Luandan court ordered in December 2019 the freezing of the assets of dos Santos, the billionaire daughter of former Angolan President José Eduardo dos Santos, along with that of her husband Sindika Dokolo and Banco de Fomento Angola SA Chairman Mario da Silva after the government alleged that the three caused the state losses of more than $1 billion, according to the report.

Dos Santos and Dokolo have denied the claims, saying they were politically motivated, the news agency said.

Following the asset freeze, the Bank of Portugal told Reuters that it is looking into information that could be used for its evaluation of Dos Santos' suitability as a shareholder of institutions it supervises. Dos Santos currently owns 42.5% of Eurobic, formerly named Banco BIC Português SA, and does not hold shares in any other Portuguese banks, Reuters noted.

Meanwhile, Portuguese market regulator CMVM also said it is following the implications of the asset freeze in relation to potential consequences for companies in which Dos Santos is a shareholder.