US urges Ankara to follow int’l standards after Bank Asya takeover
The United States has urged the Turkish government to follow international legal standards after the authorities seized Turkey's biggest Islamic lender in a move that is widely interpreted as a...
View ArticleBank Asya unlawful seizure entirely political, says owners’ lawyer
Speaking in the aftermath of the Banking Regulation and Supervision Agency’s seizure of publicly traded Islamic lender Bank Asya, Lawyer Süleyman Taşbaş vows that the continued illegal measures were...
View ArticleReactions to Bank Asya seizure from all corners of Turkish politics
Friday’s Banking Regulation and Supervision Agency (BDDK) decision to seize Bank Asya drew strong reactions from all political factions, unanimous in their criticism that the decision was an unlawful...
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IFLC sends messages of peace in Germany, calls for Turkey to widen its horizon
The 13th International Festival of Language and Culture (IFLC) held in Germany offered a moving closing ceremony over the weekend that included calls on Turkey to broaden its horizon -- given the...
View ArticleEuropean party leader calls on EU to warn Erdoğan over plans to seize Zaman...
Alliance of Liberals and Democrats for Europe Party (ALDE) President Sir Graham Watson has warned EU foreign policy chief Federica Mogherini over Turkish President Recep Tayyip Erdoğan’s alleged plans...
View ArticleWAN-IFRA calls on Turkish authorities to respect independent media
A resolution by the board of the World Association of Newspapers and News Publishers (WAN-IFRA) has called on the Turkish government to end its attacks on independent media and to recognize the value...
View ArticleAsya shareholders to appeal decision as reactions snowball against seizure
While reactions from various circles, including finance professionals, politicians and academics, continue to mount over the seizure of Bank Asya, the shareholders of the long-pressured lender are...
View ArticleRattled by Asya seizure, global analysts gloomy about Turkish economy
In what is seen as a political maneuver just a week before the June 7 parliamentary election, the much-debated government crackdown on the country's largest Islamic lender has jolted global market...
View ArticleCredit Suisse Sees Turkey Assets Hurt by Seizure of Bank Asya
The seizure of the remaining shares in Bank Asya will weigh on market sentiment toward Turkey and the risk premia of the country’s assets, Credit Suisse Group AG said. Turkey’s banking regulator late...
View ArticleGreens leader says Bank Asya situation shows Erdoğan has no respect for...
The co-chairwoman of the Greens Group in the European Parliament Rebecca Harms, in a statement on Sunday, said the takeover of Bank Asya has shown that both the Turkish government and Turkey's...
View ArticleJournalists targeted by smear campaign websites on to-be-detained list
Some well-known journalists who have been subjected to an aggressive defamation campaign by websites suspected to have ties with the ruling Justice and Development Party (AK Party) are on a list of...
View ArticleYou’ll be worse than an oppressor
Ekrem Dumanlı Dear people of this beautiful country! Look to your conscience and answer this question: Is there oppression in this country? Do not allow your political position to influence you and...
View ArticleChildren from across the globe meet in Germany for peace
Forty-six Turkish schools across the globe leave crowds in Germany in awe with their performances during the 13th International Language and Culture Olympics held in Germany. The talents of 360...
View ArticleCan Turkey Survive Erdoğan?
Graham E. Fuller On 7 June Turkey’s democratic system will be deeply tested in a fateful parliamentary election; at stake is preservation of rule of law and liberal democracy against an increasingly...
View ArticleErdoğan’s alleged plan to seize Zaman lambasted by EU and journalist...
Alliance of Liberals and Democrats for Europe Party (ALDE) President Sir Graham Watson has warned European Union foreign policy chief Federica Mogherini about President Recep Tayyip Erdoğan's alleged...
View ArticleIs a huge media crackdown under way?
Orhan Kemal Cengiz I have been receiving telephone calls and interview requests from some newspapers and TV channels, most of which are affiliated with the Gülen movement. They ask the same question...
View ArticleGerman Greens call on EU to issue warning to Turkey
The Green Party in Germany has described the increasing pressure on the media in Turkey as “worrying” and has urged the European Union to issue a stern rebuke to Ankara over deteriorating human rights...
View ArticleEuropean Commission says Bank Asya takeover raises questions
The European Commission has said the context in which the recent seizure of Turkey's Bank Asya took place raises a number of questions, stressing that such a step can only be taken under clearly and...
View ArticleFounder of Turkey’s banking watchdog tears apart Bank Asya take-over
The Banking Regulation and Supervision Agency’s (BDDK) founder and former Finance Minister Zekeriya Temizel becomes the highest authority to react strongly against the takeover of publicly traded Bank...
View ArticleExperts warn Asya handover may cause domino effect
Last week's controversial intervention into Turkey's largest Islamic lender is a violation of banking laws and could trigger losses in what market experts warned on Tuesday could easily have a domino...
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