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Tag Archives: Bank Asya

Turkey Seizes Bank Asya Week Before General Election

Turkey Seizes Bank Asya Week Before General Election

The Turkish government has seized control of Bank Asya following a 18-month long political battle between President Recep Tayyip Erdogan and exiled Islamic cleric Fethullah Gulen – a move seen as increasing risk premium for Turkish assets a week before parliamentary elections. According to Ates Buldur, analyst at Zurich-based Credit …

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