Turkey fines JPMorgan citing disruptive fairness transactions

JPMorgan didn’t instantly reply to emailed requests for remark early Saturday.

In 2019, JPMorgan confronted a earlier investigation amid turbulence for the Turkish lira. The Banking Regulation and Supervision Company, referred to as BDDK, mentioned at the moment that JPMorgan analysts who advisable promoting the lira towards the greenback had issued a be aware that includes “misguiding and manipulative” content material that resulted in volatility in markets and damage the repute of Turkish banks.