Country: TR | Published: 2026-09-20
Turkey's financial stress continues, with authorities detaining more executives in the widening fund liquidation probe and revoking the license of an Iranian bank, while Borsa Ista
Turkey's financial stress continues, with authorities detaining more executives in the widening fund liquidation probe and revoking the license of an Iranian bank, while Borsa Istanbul closed the week lower as a broad sell-off hit dozens of stocks. The lira remains under pressure despite central bank intervention, keeping the strained financial system on edge. Diplomatically, Ankara is leaning into the Makkah security pact, offering to meet Saudi military needs and framing the alliance as a significant regional platform.