Tuesday, September 13 2011 , Your time is 15:58:00
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.
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.
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.
ISTANBUL - Reuters
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.
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.
Aktif Bank, Turkey’s largest privately owned investment bank, has received regulatory approval to issue 200 million lira ($91 million) in Islamic bonds, the Capital Markets Board said.
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.
PARIS - Agence France-Presse
IMF chief Christine Lagarde announced on Aug. 27 she had been charged for "negligence" over a multi-million-euro corruption case relating to her time as French finance minister in 2008.
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
Islamic lender Bank Asya, who has been shaken by a series of blows to its financial strength, released a statement in local newspapers to condemn the media reports it accused of conducting a “systematic smear campaign” against the lender.
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