Unlawful intervention in Bank Asya to backfire on markets, experts warn
A midnight police raid on the headquarters of Turkey's largest Islamic bank after a banking watchdog's decision to take over the bank's management on Tuesday lacks legal grounds and will likely stir...
View ArticleDangerous play by Erdoğan
Vahap Uysal* At 9 p.m. on Tuesday, Feb. 3, police raided the headquarters of Bank Asya in İstanbul, Turkey, to help the takeover of the bank by the Savings Deposit Insurance Fund (TMSF). Bank Asya is...
View ArticleCitizens flood Turkey’s Bank Asya with funds in show of support
Tens of thousands of citizens formed long lines in front of Bank Asya branches across Turkey in the early hours of Wednesday morning to deposit large sums into their accounts in response to the...
View ArticleNo to ’financial coup’
Turhan Bozkurt Those who have not hesitated to tell lies and resort to blackmail over the last 14 months in an effort to make Bank Asya go bankrupt are beginning a new intimidation campaign that may...
View ArticleUnfree market economy
İbrahim Türkmen I was talking with a former high-level bureaucrat at the Banking Regulation and Supervision Agency (BDDK) a couple of days ago, discussing our economy in the face of recent...
View ArticleThe end of the Constitution in Turkey
İhsan Yılmaz The regime of President Recep Tayyip Erdoğan has taken control of Bank Asya, which was founded by sympathizers of the Hizmet movement. The regime's pretext to control the bank is...
View ArticleGülen movement discussed at EP in light of recent political developments in...
A panel discussion was organized by the Brussels-based Intercultural Dialogue Platform in the European Parliament (EP) to give information about the faith-based Gülen movement, also known as the Hizmet...
View ArticleSeparation of politics and Islam makes Gülen AKP’s enemy
Inge Poelemans“The Gülen Movement is faith inspired in its motivation, but faith neutral in its manifestation.” That is how key speaker Ozcan Keles, chairperson of Dialogue Society in London,...
View ArticleSeeing oneself as ‘the nation’
Cafer Solgun Turkey is going through an extraordinary period. The responsibility for this extraordinary period lies with Recep Tayyip Erdoğan and the ruling Justice and Development Party (AKP), which...
View Article'Intervention in bank leaked for market speculation'
A media outlet has reported that the decision by the Banking Regulation and Supervision Agency (BDDK) to take control of the board of Bank Asya, Turkey's biggest Islamic lender, was leaked to stock...
View ArticleTaking over the management of Bank Asya may be just the beginning
Orhan Kemal Cengiz There is a horrifying simplicity behind the takeover of the management of Bank Asya by Turkey's state-run Savings Deposit Insurance Fund (TMSF). They asked the owners of Bank Asya to...
View ArticleVeteran journalists: No convincing reason for takeover of Bank Asya offered
Prominent economic columnists argued that the takeover of major lender Bank Asya by the state's banking watchdog lacks legal grounds, saying the justification provided for the move is weak and...
View ArticleCHP leader on Bank Asya: No person’s life or property safe in Turkey
Main opposition Republican People's Party (CHP) leader Kemal Kılıçdaroğlu has harshly criticized the government over the takeover of the management of Bank Asya by Turkey's state-run Savings Deposit...
View ArticleFormer BDDK president: Crackdown on Bank Asya threatens liberal economy
Tuesday's decision to take control of Islamic lender Bank Asya has been harshly criticized by Zekeriya Temizel, a former finance minister and the first president of the Banking Regulation and...
View ArticleTwitter whistleblower says Bank Asya operation legally flawed
The appointment of executives from the state savings fund to Islamic lender Bank Asya is unlawful because it is based on a legal article that does not actually sanction such a drastic measure,...
View ArticleFethullah Gülen on Islam, democracy and freedom of speech
Paul Moses Publishing a book in 2009 about Francis of Assisi's peaceful encounter with Egypt's Sultan Malik al-Kamil during the Fifth Crusade led me to meet a lot of people with an interest in...
View ArticleBank Asya operation’s economic and legal sanctions
Günal Kurşun The Savings Deposit Insurance Fund (TMSF) has taken over management control of 63 percent of the privileged shares in Bank Asya, Turkey's biggest Islamic lender, as part of a...
View ArticleBank Asya seeks immediate return of ‘hijacked’ management rights
Turkey's largest Islamic lender, Bank Asya, is demanding that the state-run Savings Deposit Insurance Fund (TMSF) return the bank's rights to control its management following strong indications that...
View ArticleHistory of politically motivated assault on Bank Asya
The politically motivated operation aimed at taking over Bank Asya is one that has unfolded step by step, marked by public statements from President Recep Tayyip Erdoğan as well as other top Justice...
View ArticleBank Asya: Another Victim of Erdogan's Wrath
Mahir Zeynalov In an unprecedented display of solidarity to bail out a bank that has been a target of a relentless campaign waged by the Turkish authorities for over a year, Turkish depositors flooded...
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