✉news BusinessMarkets first seen 4 h ago, last 49 min ago, peak #4
Erdoğan scrambles to contain Turkey's $18bn stock market scandal
Original: Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal
President Recep Tayyip Erdoğan is working to limit the political and market damage from a scandal estimated at $18 billion linked to Turkey's stock market. The affair has raised questions about oversight and governance in Turkish financial institutions, and the government's response is being closely watched by investors already wary of the country's volatile markets.
Why now: An $18 billion scandal touching Turkey's stock market threatens investor confidence and political stability, making the government's response a pressing story.
Recep Tayyip ErdoğanTurkeyBorsa Istanbul
Evidence
- Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal · Financial Times
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