trending Market Intelligence /marketintelligence/en/news-insights/trending/ul_ssSD65OqRH1Lj3rIRLw2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • 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

Portuguese authorities probe Angola leaks tied to Eurobic, dos Santos

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

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

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

Portuguese authorities probe Angola leaks tied to Eurobic, dos Santos

Portugal's central bank said it has asked local lender EuroBic, formerly known as Banco BIC Português SA, about transfers between Angola and Dubai related to Angolan billionaire Isabel dos Santos after media reports revealed files focused on alleged financial schemes used by dos Santos to build her business empire, Reuters reported.

Portuguese prosecutors are also investigating the files — dubbed the Luanda Leaks — which were obtained by the International Consortium of Investigative Journalists and released by several news organizations Jan. 19, according to the report.

Dos Santos, who indirectly owns 42.5% of Eurobic, said the allegations against her were completely unfounded.

Meanwhile, Eurobic, whose anti-money laundering systems are being investigated by the central bank, said its board of directors decided to end the lender's commercial relationship with all entities controlled by dos Santos and people closely related to them. The bank, however, did not say how the move would affect its relationship with dos Santos herself.

Earlier in January, the central bank said it was reviewing dos Santos' suitability as a shareholder in local banks following a recent court order that her assets in Angola be frozen.