Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Turkey Turns to Two Big Banks to Liquidate Troubled Funds
Business & Finance

Turkey Turns to Two Big Banks to Liquidate Troubled Funds

Bloomberg Markets Friday 18 September 2026, 05:20 UTC By Inci Ozbek 1 min read
Key Points

Deals Turkey Turns to Two Big Banks to Liquidate Troubled Funds Turkey has turned to two of its biggest banks to oversee the liquidation of 131 investment funds caught up in turmoil that has shaken the country’s asset-management industry. Turkiye Is Bankasi AS and state-run Ziraat Bankasi AS will oversee the liquidation, the Capital Markets Board, or SPK, said in a statement late Thursday. The funds ordered into liquidation hold more than $18 billion in investments and have around 350,000...

Deals Turkey Turns to Two Big Banks to Liquidate Troubled Funds Turkey has turned to two of its biggest banks to oversee the liquidation of 131 investment funds caught up in turmoil that has shaken the country’s asset-management industry. Turkiye Is Bankasi AS and state-run Ziraat Bankasi AS will oversee the liquidation, the Capital Markets Board, or SPK, said in a statement late Thursday. The funds ordered into liquidation hold more than $18 billion in investments and have around 350,000 investors.
Turkey (LOCATION) Turkiye (LOCATION) Bankasi (LOCATION) the Capital Markets Board (ORG) SPK (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Horizons Middle East & Africa 9/18/2026 (Video)

Bloomberg Markets 9m ago

Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain – business live

Rolling coverage of the latest economic and financial newsDespite the inflationary squeeze on households, retail sales across Great Britain have risen over the summer. The heatwave, a pick-up in web shopping, and the joys (and pain and disappointment!) of the men’s football World Cup, helped to lift spending over the three months to August, new data shows. “Retail sales increased in the latest three months, with a particularly strong June for online outlets helping to boost their sales...

The Guardian Business 12m ago

BOJ rate hike signals faster pace of tightening amid inflation risks, weak yen: Economists

BOJ rate hike signals faster pace of tightening amid inflation risks, weak yen: Economists The central bank raised rates on Friday (Sep 18) to a 31-year high of 1.25 per cent, pressing ahead with policy normalisation as inflation risks remain elevated. The Bank of Japan’s latest interest rate hike remains part of a gradual normalisation of monetary policy, but economists say inflation risks and a weak yen could push policymakers to tighten more quickly in the months ahead.

Channel News Asia 15m ago

DWP explains 'enforcement powers' in new update as it looks at changes to CMS 'charges'

DWP explains 'enforcement powers' in new update as it looks at changes to CMS 'charges' The Department for Work and Pensions has this week issued a new update on the Child Maintenance Service The Department for Work and Pensions has explained child maintenance enforcement powers and potential forthcoming changes in a new update. The DWP has faced questions on the Child Maintenance Service (CMS) over parents who have fallen behind on payments, as well as about reforms to the charging structure.

Daily Mirror 20m ago