Turkey on Alert After $18bn Withdrawn From Investment Funds and Market Executives Arrested
14 Articles
14 Articles
(Seoul = Yonhap News) Reporter Kwak Min-seo = Financial authorities have launched an emergency response as a large-scale fund redemption (fund run) crisis has occurred in Turkey.
Turkish authorities have announced the arrest of several high-ranking financial sector executives. Other individuals have been banned from leaving the country as part of an investigation into massive capital outflows from specific investment funds over the week. The authorities’ interventions helped the Istanbul Stock Exchange recover on Thursday, paring much of the losses it had recorded the previous day. Investment firm executives in the spot…
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cyprustimes.com130 funds with 350,000 investors exposed are being liquidated, while authorities investigate massive capital movements - Istanbul Stock Exchange recovers after sell-off
Turkish authorities have arrested senior financial sector executives and imposed travel bans on other individuals linked to the case. Turkey’s financial markets have been rocked by the massive capital outflows recorded this week from certain investment funds. The case has […]
Turkey on alert after $18bn withdrawn from investment funds and market executives arrested
Turkish authorities announced that several senior financial-sector executives had been arrested, while others had been banned from leaving the country, as part of an investigation into large-scale capital outflows from certain investment funds this week. The authorities’ interventions helped the by sofokleous10..gr
The immediate mobilization of the Turkish authorities contributed to the recovery of the Istanbul Stock Exchange, limiting a significant part of the losses.
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