Tuesday, September 13 2011 , Your time is 15:58:00
Turkish state-run lender Halkbank has decided to establish an Islamic finance unit, in line with a government effort to develop the sector and tap a pool of investors in the Gulf and southeast Asia.
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.
ISTANBUL – Reuters
Islamic lender Bank Asya’s shares have bounced back from record lows after three straight days of losses, as investors wanting to reduce costs rushed to buy the shares of the lender, which has been at the center of a political feud.
NEW YORK - Agence France-Presse
In a landmark decision, a New York jury on Monday found the Jordan-based multinational Arab Bank liable on 24 counts of supporting terrorism by transferring funds to Hamas.
WASHINGTON - Agence France-Presse
The New York branch of the Turkish state-run bank Ziraat is subject to an 'enforcement action' with the U.S. Federal Reserve and is subject to inspections for up to two years to ensure it is complying with anti-money laundering rules.
Turkish stock exchange Borsa Istanbul briefly suspended the trading of Islamic lender Bank Asya shares Sept. 18, citing extraordinary movements in the exchange of the lender’s shares.
The Turkish government has said the ball is in the court of the country’s banking watchdog, regarding Islamic lender Bank Asya’s efforts to recover its collapsed capital base.
Turkey will take over the deputy executive directorship duty in the World Bank between 2014 and 2016, and executive directorship duty between 2020 and 2024, in the framework of the new 'Nation Group Agreement'
Turkey’s top finance figures will meet with a number of leading representatives of the global finance sector for the fifth Istanbul Finance Summit (IFS), which will be marked by discussions on the need for innovative means of financing.
Turkey’s capital markets board said late on Oct. 30 it had approved plans by British insurer Aviva Plc and Turkish conglomerate Sabancı Holding to float a stake in their Turkish joint venture pension unit Avivasa.
ISTANBUL - Reuters
The head of Turkey’s Bank Asya has vowed to strengthen its capital base and see off what he described as a 'systematic campaign' to undermine it
Turkey’s banking watchdog has returned to allowing payment of jewelry and gold via credit card in up to four installments, after a ban on installments that lasted around one year, according to a regulation
Shares in Turkish participation bank Bank Asya plunged when trading resumed after a suspension of more than a month due to uncertainty regarding its ownership.
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