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Santoro, a financial holding company controlled by Isabel dos Santos, the president's daughter, has a 9.7 percent stake in BPI.
BB&T is the nation's 18th-largest financial holding company, with $55.2 billion in assets and 825 offices.
The fund had taken a stake in Italmobiliare, a financial holding company controlled by the family, which in turn controls Italcementi, the world's fifth-largest cement-maker.
State Street, a financial holding company based in Boston, also suffers from a history of recurring charges that it has been calling "nonrecurring," including restructuring and legal expenses.
The agency proposes, if it is appointed and where possible, to close the financial holding company, but keep the viable subsidiaries operating.
Mr. Winzer, the Moody's analyst, said he expected Telefónica's commitment to Telecom Italia to remain unchanged, describing it as a "standstill agreement" and financial holding for Telefónica.
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Earlier, the fund family was part of the Stilwell Financial holding company.
Financial Holding Companies or Bank Holding Companies have become the time bombs of our financial system.
Last Thursday, the Fubon Financial Holding Company, a financial conglomerate centered on property insurance, reached a deal to buy Taipeibank for $2.4 billion in stock.
Felix says that Treasury has already designated some financial institutions TBTF by creating a category it calls "Tier 1 Financial Holding Companies".
Among the Taiwan financial stocks he says are worth a look: Cathay Financial Holding, controlled by the Tsai family, Taiwan's richest family.
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