Turkey's Wild Ride

Serkan Senturk / AP

Turks shop at a open air market in Istanbul. Tough times could be ahead.

Suzan Sabanci Dinçer is all too familiar with banking crises and their devastating effects. A scion of one of Turkey's most famous business dynasties, she is chairwoman of Akbank, the country's biggest privately owned bank. Back in 2001, she lived through a meltdown of the Turkish banking system and a terrifying 9.5% one-year drop in gross domestic product. Akbank posted a big loss that year, but at least it escaped a worse fate: almost half of the nation's 80-plus banks disappeared.

Now, another financial crisis is raging, this time globally, and as Sabanci Dinçer watches it...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!