Turkey Probes JPMorgan After Worst Lira Dip Since 2018 Crash
- Turkey started an investigation into JPMorgan Chase & Co. and another probe of unspecified banks that the regulator reproached for stoking the lira’s biggest plunge since last year’s crash. The Banking Regulation and Supervision Agency, known as BDDK, on Saturday said a research note a day earlier by two JPMorgan analysts that recommended selling the lira against the dollar had “misguiding and manipulative” content that resulted in volatility in markets and hurt the reputation of Turkish banks. The Capital Markets Board began its own ...
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