Tuesday, September 13 2011 , Your time is 15:58:00
The Istanbul Stock Exchange hit its highest point in one and a half years on Nov. 28, approaching 85,000 points in the wake of OPEC’s decision to refrain from cutting output despite a huge oversupply
LONDON – Anadolu Agency
An eventual interest rate hike by the Federal Reserve could threaten Turkish economic growth, a Moody’s analyst says
Razi Canikligil - NEW YORK
Ziraat, under an 'enforcement action' from the US Federal Reserve, has stopped retail banking at its New York branch
Turkey’s embattled Bank Asya has said in a written statement to the Istanbul Stock Exchange that it has closed 80 branches, merging them with existing branches, and cut 1,708 jobs since the end of 2013.
ANKARA - Anadolu Agency
The Turkish banking sector’s net profit in the first nine months of the year decreased by 5 percent to 18.75 billion Turkish Liras ($8.38 billion) year-on-year.
Spanish bank BBVA said Nov. 20 it had priced a 2-billion-euro ($2.5 billion) rights issue to fund the raising of its stake in Turkey’s Garanti at 8.25 euros a share, as it pursues its strategy of overseas expansion.
Borsa Istanbul will launch a sustainability index tomorrow as part of an effort to assess companies trading on the exchange based on their performances on environmental, social and governance issues.
Three Turkish state-run banks plan to launch Islamic units, widening the reach of interest-free finance in the majority Muslim nation, but the government is treading a fine line between promoting the sector and hurting incumbents.
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.
ISTANBUL – Reuters
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms
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.
ANKARA – Anadolu Agency
International bank HSBC said on Nov. 13 that its operations in Turkey had been hacked and the personal data of some 2.7 million customers’ credit cards had been compromised, while confirming that no risks had occurred.
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.
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