Posted by meb at June 11th, 2008
Taib Bank BSC, the Bahrain-based investment bank controlled by Dubai’s ruling sheikh, said its Turkish unit bought Istanbul-based corporate finance advisors PDF. Taib Yatırım, the brokerage unit of Taib YatırımBank, bought PDF in cash and shares to expand its investment banking services in Turkey, (more…)
Posted by meb at May 5th, 2008
Turkey’s banking regulatory authority has rejected a request by a European partnership to take over Dutch financial giant ABN AMRO’s branches in Turkey based on intelligence reports connecting the partnership with the Kurdistan Workers’ Party (PKK) terrorist organization, according to the Hürriyet daily.
Hürriyet reported that the partnership of the Royal Bank of Scotland (RBS), Belgian Fortis Bank and Spanish Banco Santander, which recently bought ABN AMRO, failed to receive approval for the handover of the global banking group’s six branches in Turkey. The Banking Regulation and Supervision Agency (BDDK) had requested detailed reports from the National Intelligence Organization (MİT) on all the members of the partnership for security reasons. One of the MİT reports showed that Barclays, Britain’s third largest bank and a partner with a 4 percent share in RBS, had acted as an intermediary in a number of transactions of the PKK in Europe. (more…)