US EditionTurkiye Bank Stocks Slip as Competition Authority Launches Probe
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Turkiye Bank Stocks Slip as Competition Authority Launches Probe
Shares of several major private banks in Türkiye fell by nearly 1% at the opening of Tuesday’s trading session after the country’s competition authority launched a formal investigation into banks and financial institutions over potential breaches of competition law. Türkiye’s benchmark stock index opened Tuesday at 14,011.20 points, down 0.36%, while banking stocks fell by 0.8%. Among lenders, AKbank dropped by more than 1%, Türkiye’s largest pr…
The Competition Board has launched a massive operation targeting the financial sector to determine whether competition in the labor market has been violated.
The Competition Board has launched an investigation to examine whether certain banks and financial institutions have violated Law No. 4054 on the Protection of Competition. İş Bankası and Yapı Kredi are also on the list. Click here for more.
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