Tuesday, September 13 2011 , Your time is 15:58:00
Some 58 percent of Vakıfbank, all of which is currently owned by the General Directorate of Foundations, will be transferred to the Treasury, as part of controversial new regulations sent to Parliament.
RIYADH / DUBAI- Reuters
Saudi Arabia plans to open its stock market, the Arab world’s biggest, to direct investment by foreign financial institutions in the first half of next year
ISTANBUL - Anadolu Agency
Islamic banking is no more a step child in the Turkish banking regulation, said Deputy Prime Minister Ali Babacan, calling on more lenders to show interest in the growing business.
Turkish lenders’ profits plunged 11.5 percent in May to 10.1 billion Turkish Liras
Fitch Ratings has said the Turkish Central Bank’s 0.5 point rate cut on May 22, highlights policy swing risks by sending mixed messages.
ANKARA – Anadolu Agency
Japan Credit Rating (JCR) Agency has confirmed Turkey’s current credit status and said the country’s outlook is stable
BRUSSELS - Agence France-Presse
The European Commission said it had informed Credit Agricole, HSBC and JPMorgan of its reasons for believing they rigged interest rate benchmarks crucial to global financial markets.
State-owned Ziraat Bank has dismissed questions over the reason for the U.S. Federal Reserve’s request for a money laundering action plan
ISTANBUL - Reuters
Capital inflow of unexplained origin has hit Republic era-record over the past 12 months, an economy report prepared by the main opposition CHP states, finding the flow ‘meaningful’
Gülen movement-affiliated Turkish Islamic lender Bank Asya has ruled out reports of ending share sales talks with Qatar Islamic Bank (QIB)
Foreign investors injected more than $1.3 billion into Turkey’s stock exchange between February and April, according to figures released by Borsa Istanbul.
Bank Asya, a Turkish lender with close links to the movement of religious scholar Fethullah Gülen, has moved to sell assets worth around 133 million Turkish Liras
Two deputy chairmen and a unit head in the main stock exchange Borsa Istanbul have left their offices amid a major reshuffle
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