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Turkey Turns to Two Big Banks to Liquidate Troubled Funds
Source: Bloomberg
Banking & LiquidityPrivate Markets & VentureRegulation & Legislation
Turkey has appointed two of its largest banks to oversee the liquidation of 131 investment funds amid turmoil in the country’s asset-management industry. The scale of the fund wind-down signals significant stress for domestic asset managers and could weigh on investor confidence and liquidity in Turkish financial markets.
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