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Sep 18 11:39'How does God, who is absolute good, bring hell upon me?'Sep 18 11:32Netanyahu to allies: 'Even if we fail to form government, I won't resign'Sep 18 11:32First publication | Smashed church window and spat on Druze officer: Indictment against Haifa residentSep 18 11:31Tracking device, explosive charge and loud blast: Indictment in Holon murderSep 18 11:30Ofer Winter threatens: Whoever raises a finger to my prep school will face meSep 18 11:25Over 30 million shekels raised: Admor of Vizhnitz joined and donatedSep 18 11:22Jewish Revival in Budapest: Historic Synagogue Opens Doors to Young GenerationSep 18 11:21In bid to stem crisis, Turkey to dissolve 130 funds worth $18 billionSep 18 11:19Breakthrough: 'Atara Kedisha' will work to protect Israeli graves in EuropeSep 18 11:17Solomon, are you ready? One of England's most charged matches returnsSep 18 11:12Between the holidays and remembrance: 50,000 memorial candles for the fallen and murderedSep 18 11:04Houthis claim: Deadly attack in Saudi Arabia and fighting in Bab al-MandabSep 18 11:01Nasrallah era ends as Tehran leaders lose patience: Revolutionary Guards take over HezbollahSep 18 11:01Shlomo Filber argues: 'He won't reach 61 mandates'Sep 18 11:00Evacuation of wives' outpost in Galilee as test of Jewish sovereignty over landSep 18 11:00'Hallucination': How Maccabi Haifa failed to strengthen at left backSep 18 11:00See, you were warned: Stock prices headed for sharp correctionSep 18 10:41Former Mossad Chief Makes Stunning Forecast: "Ben Salman Will Soon Surrender"Sep 18 10:38The Rain Is Here: Amounts Recorded So Far Across the CountrySep 18 10:36Summit on the Way? Trump Wants to Meet Kim Jong Un AgainSep 18 10:33The Leader Spotted Walking Alone; Footage From Bnei Brak Shakes Yeshiva WorldSep 18 10:31Ila Hason Reveals: "I Called IDF Spokesperson at That Moment"Sep 18 10:27Eisenkot Continues Fighting for Leadership: "The Leadership I Am Determined to Promote"Sep 18 10:23Majdal al-Krom resident arrested on suspicion of acting under Lebanese agent's direction
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In bid to stem crisis, Turkey to dissolve 130 funds worth $18 billion
EconomyEconomy

Economy

In bid to stem crisis, Turkey to dissolve 130 funds worth $18 billion

A series of asset management firms failed this week to meet a surge in redemption requests, sparking market turmoil that even halted trading on the Istanbul stock exchange. Authorities rushed to arrest managers on suspicion of price manipulation and enlisted two of the country's largest banks to return funds to 350,000 investors.

· Source: TheMarker. Photo as published in the article

A series of asset management firms failed this week to meet a surge in redemption requests, sparking market turmoil that even halted trading on the Istanbul stock exchange. Authorities rushed to arrest managers on suspicion of price manipulation and enlisted two of the country's largest banks to return funds to 350,000 investors.

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