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ING and BNP Paribas among bidders for HSBC Turkey: Soruce

ING Group, BNP Paribas and Bahrain-based Arab Banking Corp (ABC) have submitted bids to buy HSBC's Turkish business, a source familiar with the process said on May 29.

The source said the bids are non-binding, suggesting that the process could still take some time to complete, but that one-to-one talks have begun.

Peanuts of the finance ministry concern us all

Like everybody else, I was astonished when the finance minister commented on the armored Mercedes allocated to the head of the Religious Affairs Directorate by saying, ?The money spent on vehicles for public institutions is 3.3 billion Turkish Liras, peanuts in Turkey?s budget.?

Luxury cars allocated for public officials draw the reaction of the people everywhere in the world. 

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