Why Are Turks Putting Money Into a Bank the President Said Is Bust?
The typical image of a bank under duress is a long line of customers trying to get their money back. In Turkey this week, it was a queue of people trying to put it in. Sayida Kayipova went to a Bank...
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Dozens of US Congress members urge Kerry to press Turkey for freer media
A large number of members of the US Congress have voiced concerns on the recent arrest of media members in Turkey and called on Secretary of State John Kerry to press the Turkish government to secure...
View ArticleNigerian Turkish Foundation donates educational materials to Lagos schools
Lagos State Commissioner for Education, Mrs. Olayinka Oladunjoye has restated the need for individuals and private organizations to partner with the State government in order to raise the standard of...
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Light Academy schools groom global citizens
Where many schools focus on education and the passing of exams, Light Academy schools opted for a different route: bringing up morally upright students besides giving them an education. According to...
View ArticlePartisan bureaucrats involved in Bank Asya intervention
A legally flawed decision by Turkey's banking watchdog on Tuesday to hand over the management control of 63 percent of the privileged shares of Bank Asya to the state savings fund was supported by a...
View ArticleCHP: Bank Asya operation unlawful, banditry committed by gov’t
Main opposition Republican People's Party (CHP) parliamentary group Deputy Chairman Engin Altay has said the takeover of the management of Bank Asya by the state-run Savings Deposit Insurance Fund...
View ArticleUnjustified takeover of Bank Asya prompts harsh rebuke from journalists
The arbitrary takeover of Turkey's largest Islamic lender, Bank Asya, has caused a backlash among journalists, who voiced concerns over disregard for the law and a free business environment, warning...
View ArticleBank Asya partners issue written warning after overhaul
Publicly-traded Bank Asya’s founding partners issued a warning against the management overhaul, calling for the return of the board, or else they would file suit. The government-appointed bank board,...
View ArticleBank Asya CEO confident of regaining control of management
The executive chairman of Turkey's largest Islamic lender, Ahmet Beyaz -- who has been removed from his position after a banking watchdog decided to take over the management of the bank -- said on...
View ArticleTurks living abroad return to support Bank Asya
Following Tuesday's government-orchestrated decision to take over 63 percent of Bank Asya's management, tens of thousands of citizens have flooded the bank's branches across Turkey with money, defying...
View ArticleLaw experts urge Turkish gov’t to stop ‘playing with fire’ by sinking bank
Law experts agree that the Turkish government was “playing with fire” by illegally overhauling the management on Bank Asya, and many said that the measures would put the country’s economy at risk. The...
View ArticleBank Asya raid can be subjected to international rights courts
Legal expert Dr. Sami Karahan warned that the illegal and unjustifiable management overhaul of publicly traded participation bank Bank Asya may make the state liable in international courts.“The...
View ArticleBank Asya incident: systemic risk and rule of law
Taptuk Emre Erkoç* Turkey's Banking Regulation and Supervision Agency (BDDK) announced on Feb. 3 that it is transferring 63 percent of Bank Asya's preferential shares to the Savings Deposit Insurance...
View ArticleIn Washington, Turkish minister highlights press freedom, bans critical...
Turkey's infamous press ban has been extended to Washington this week, as a Turkish minister imposed a press ban on critical journalists while stressing the press freedoms that Turks enjoy back at...
View ArticleUS urges Turkey to follow international legal standards in Bank Asya case
The US Department of State deputy spokesperson, Marie Harf, said that the US expects the Turkish government to follow international legal standards in Bank Asya case. In a question addressed to Harf in...
View ArticleErdoğan distorts Gülen’s NYT op-ed, says it is about Bank Asya operation
President Recep Tayyip Erdoğan has presented a distorted interpretation of an op-ed written by Islamic scholar Fethullah Gülen that was published in The New York Times, claiming the op-ed is about the...
View ArticleWe are beyond the limit
Gökhan Bacık It is nonsense to discuss whether the "Hizmet movement" is good or bad or is mistaken. The political approach "We are correcting lawlessness" has been transformed into an annihilation...
View ArticleChange of attitude from democratization to authoritarianism
Abdülhamit Bilici Everybody gets upset by the anti-democratic acts, the shelving of the Constitution, the non-compliance with judicial decisions and the pressure on the business world, civil society...
View ArticleBank Asya operation and violation of property rights
Erhan Başyurt It became clear that temporarily taking over the management of Bank Asya is a politically motivated action lacking legal grounds. Transfer of management of banks to the Fund (Savings...
View ArticleKimse Yok Mu one of world’s best 100 NGOs
Turkish charity organization Kimse Yok Mu (Is Anybody There) has been named by Swiss non-profit group Global_Geneva as one of the world's best NGOs, the charity has announced.“Kimse Yok Mu belongs to...
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