Overwhelming public response in support of Bank Asya

A public outcry against the raid and temporary management takeover of Bank Asya has seen countless customers depositing their money in support.

Illegal raid against Bank Asya spells disaster for Turkey, says TUSKON head

TUSKON President Rızanur Meral expressed that the illegal state takeover of publicly traded Bank Asya’s management last week has severe implications for the rest of the banking sector, financial markets, and for the entire country and its image abroad.

CPJ calls on Turkish government to reverse anti-press measures

The Committee to Protect Journalists (CPJ), an independent, nonprofit organization that promotes press freedom worldwide, wrote a letter to Turkey's Prime Minister Ahmet Davutoğlu on Monday to express alarm at a fresh wave of anti-press actions in Turkey and to ask Davutoğlu to use the power of his office to reverse the measures.

Lawyer: Interim board leaked Bank Asya customer info

Interim board members of Bank Asya who were appointed after the state-run Savings Deposit Insurance Fund (TMSF) took control of the lender last week have been leaking private customer information and the whole database of the bank, Bank Asya's lawyer, Süleyman Taşbaş, claimed on Monday.

Why did Turkey seize Bank Asya?

Mehmet Çetingüleç

In September 2014, in an address to the Turkish Industry and Business Association, Turkish President Recep Tayyip Erdogan made the following statement: “No effort is underway to cause the bankruptcy of a bank. That bank is already bankrupt. They are carrying water by hand to keep it afloat.”