Turkish watchdogs probe JP Morgan after lira plunge

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Turkey's banking watchdogs probing JP Morgan after its report allegedly sparked volatility in financial markets

The Capital Markets Board of Turkey also says it has launched a probe after receiving complaints that a JP Morgan report was"misleading" and caused speculation on the Istanbul bourse.

The BDDK watchdog said on Saturday it received complaints that a report JP Morgan published on Friday hurt the reputation of Turkish banks and caused volatility in financial markets. The Capital Markets Board of Turkey also said it has launched a probe after receiving complaints that a JP Morgan report was "misleading" and caused speculation on the Istanbul bourse.

 

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Doviz piyasasinda yaptiklari Manupulatif islemlerden dolayi J.P Morgan da dahil 16 Banka ABD & AB de $14 Milyar CEZA yedi. BDDK da, ayni duzeyde CEZA vermeli. HMBakanligi BeratAlbayrak HMBakanligi NureddinNebati CentralBank_TR … … … … via markets

U.S Securities & Exchange Commissioner Kara M. Stein refers J.PMorgan as 'Criminals' 'I am troubled by repeated instances of noncompliance at these global financial inst, which may be indicative of a continuing culture that does not adequately support LEGAL and ETHICAL behaviour'

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