Turkey: The Erdogan-Gulen showdown
By FT reporters
At the beginning of the year the Turkish government appeared to be starting a run on the country’s biggest Islamist bank, writes Daniel Dombey . Institutions such as Turkish Airlines, 49 per cent state-owned, began to withdraw their deposits from Bank Asya, founded by the followers of the preacher Fethullah Gulen. Within days, hundreds of millions of dollars left the bank.
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