Turkey freezes or liquidates 130 funds after $18bn outflow; 38 referred to prosecutors in market support drive

Turkey announced emergency measures to support its stock market and froze or liquidated 130 funds after a liquidity crisis officials linked to a "fund run" that saw $18bn flow out of investment funds. Regulators have referred 38 people to prosecutors and market executives have been arrested.

Detected & updated continuously · Source: Nebula