Ahmet Beyaz
US looks to see legal standards applied in Turkey's economy
The United States wants all governments to ensure the monitoring of corporate and financial activity is done in line with international legal standards, said deputy spokesperson of the U.S. Department of State Marie Harf on Feb. 5, upon a question about the seizure of a Turkish bank by a government body.
Bank Asya seized by Turkish state-fund, drawing reaction
The seizure of Bank Asya, the participation bank at odds with the government due to its links with Islamic scholar Fethullah Gülen, by state-run Savings Deposit Insurance Fund (TMSF) has triggered reactions, as the bank elects a completely new board.
Turkey’s Bank Asya hurt by large loss after row with government
Turkeyâs Bank Asya reported a net loss in the third quarter partly due to a rise in bad loans, but said it was hopeful of a turnaround following the political turmoil that has surrounded it this year.
The Islamic bank made a 301 million Turkish Lira ($133 million) net loss after a 60 million lira profit a year earlier.