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Turkish Regulators Seize Shares in Islamic Lender

Turkish banking regulators on Wednesday seized a small stake in the Islamic lender Bank Asya over an alleged illegal share sale, the latest round in a battle between Ankara and a U.S.-based Muslim cleric. The bank, founded by followers of the Islamic scholar and cleric Fethullah Gulen, has been battered by President Recep Tayyip Erdogan's attempts to wipe out Gulen's religious movement, which he accuses of attempting to build a "parallel state.'' The campaign has...

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