Tuesday, September 13 2011 , Your time is 15:58:00
Robust U.S. growth and stabilizing financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, but some countries are vulnerable to negative shocks due to the strong U.S. dollar, said Moody’s Investors Service in its quarterly Global Macro Outlook report
LONDON - Reuters
HSBC published a full-page letter in British newspapers on Feb. 15 to offer its “sincerest apologies” for past practices at its Swiss private bank, which has been accused of helping clients to evade tax
The duties of Turkey’s Central Bank are defined in the law quite clearly and the government trusts in the Bank’s competent team, Deputy Prime Minister Ali Babacan said on Feb. 9 at the G-20 meetings in Istanbul
The head of HSBC’s private bank has told staff past practices that may have allowed some clients to dodge taxes are unacceptable, with the company facing pressure on both sides of the Atlantic over its conduct.
The Islamic Corporation for the Development of the Private Sector has consolidated its support of Islamic finance in the Central Asian region by signing a new agreement with leading Azerbaijani microfinance institution
Turkey’s state-run Ziraat Bank posted a record high net profit at 4.05 billion Turkish Liras ($1.62 billion) in 2014 on net interest income of 8.6 billion liras with a 22 percent rise from the previ
LONDON - ISTANBUL
A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.
Ankara and Washington are joining forces to fight against the financial networks supporting ISIL to Turkey’s south, the US has said
ANKARA - Anadolu Agency
Finance ministers and central bankers face a tough task coordinating action to spur global growth at G-20 meetings this week, with major economies running at different speeds and monetary policies diverging.
GENEVA - Agence France-Presse
The former HSBC employee who leaked sensational secret documents alleging the bank helped wealthy customers dodge millions of dollars in taxes warned Tuesday that the revelations are just the “tip of the iceberg.”
Washington - Anadolu Agency
U.S.-based credit ratings agency considers Bank Asya's takeover isolated incident and not harbinger of systemic distress in Turkish banking sector.
Finance ministers and central bankers face a tough task coordinating action to spur global growth at G-20 meetings
The takeover of Bank Asya by the Turkish Savings Deposit Insurance Fund (TMSF) is entirely legal and judicial, but not political, Turkish Prime Minister Ahmet Davutoğlu said on late Feb. 4.
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