Turkey's Babacan says Bank Asya takeover was not political ISTANBUL, May 30- Turkish Deputy Prime Minister Ali Babacan said on Saturday the takeover by regulators of Bank Asya was not political and that the Islamic lender would continue operating while sale or merger options were investigated. It handed over control of the bank to Turkey's Savings Deposit Insurance Fund, which is responsible for dealing with...
Turkey seizes bank associated with US-based Muslim cleric ANKARA, Turkey- Turkey's banking regulator says a state fund has seized a bank associated with a movement led by the U.S.-based Muslim cleric Fethullah Gulen, which authorities have accused of attempting to destabilize the government. The banking agency said late Friday the Savings Deposit Insurance Fund had taken took full control of Bank Asya, citing "...
Source: The Associated Press
Kudlow: Here's what the GOP needs On the eve of the GOP primaries, here's the big question: What must we do to restore America's long-term economic-growth performance?
| By: Larry Kudlow
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