| Neo-Ottoman Sultan Recep I further consoldiates his rule. |
[Ynet] Turkey's banking regulator has taken over control of a bank affiliated with a moderate Islamic movement which is locked in a bitter feud with the government. The Banking Regulation and Supervision Agency said late on Tuesday that the country's saving deposit insurance fund had seized control of Bank Asya's management, appointing a new CEO and board.
It cited a violation of banking regulations on transparency for the bank's seizure. The move comes amid a government crackdown on the movement led by US-based holy man Fethullah Gulen, which President Recep Tayyip Erdogan
... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him...
accuses of orchestrating a corruption probe last year that targeted government members. |