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.
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.
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.
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.
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 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'
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.
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.
LONDON - Reuters
Turkey-based Islamic lender Kuveyt Türk plans to issue around a $625-million sukuk in Malaysian market, considering taking shares from the attractive market that lures Middle Eastern investors
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 equities firmed on the first day of the week, boosted by lower-than-expected U.S. jobs growth raising the prospect that interest rates in the world’s biggest economy would stay low for longer.
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