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Business and Finance
Reuters
Stephanie Keith
Archive
The Turkish banking institution announced the opening of an investigation into the complaints filed against the US investment bank JPMorgan and other banks after the fall of more than 4% of read it on Friday.
The agency said on Saturday it had received complaints that the report released by JPMorgan last Friday would damage the reputation of Turkish banks and an unstable financial market. She added that the necessary "administrative and judicial measures" would be taken in this regard.
The Turkish Capital Markets Authority announced on Saturday that it had opened an investigation after receiving complaints that the report was "misleading" and encouraged speculation on shares of the Istanbul Stock Exchange.
A spokesman for JPMorgan in the region declined to comment.
The main index of the Turkish stock market fell more than 4% against the US dollar last Friday. This is the biggest drop since a day since the August monetary crisis, which raised concerns about the willingness of Turks to buy foreign currency, with the deterioration of their relations with the United States. .
Source: Reuters
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