UNITED STATES (VOP TODAY NEWS) — Turkey’s banking regulator said it opened an investigation into complaints against US investment bank JPMorgan and other banks after the lira fell more than 4 percent on Friday.
The agency said on Saturday it had received complaints that the report published by JPMorgan last Friday damaged the reputation of Turkish banks and caused a volatile financial market. She added that the necessary “administrative and judicial measures” will be taken in this regard.
The Turkish Capital Markets Authority said on Saturday it had opened an investigation after receiving complaints that the report was “misleading” and that it encouraged stock speculation in the Istanbul Stock Exchange.
A spokesman for JPMorgan in the region declined to comment.
The main index of the Turkish bourse fell more than 4% against the US dollar last Friday, the largest decline in one day since the currency crisis in August, which raised concerns about the willingness of the Turks to buy foreign currency, with the deterioration of relations with the United States.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
Support The VOP from as little as $1 – it only takes a minute. Thank you.
We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.
VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
Contact us: email@example.com