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Wednesday, November 29, 2017

US Trial Threatens Funding for Turkey's Dollar-dependent Banks

US Trial Threatens Funding for Turkey's Dollar-dependent Banks
November 29, 2017 4:21 PM

LONDON/ISTANBUL —

Turkey's deteriorating finances are hurting the country's banks whose reliance on dollar funding makes them vulnerable to the worst-case scenario: a sudden halt or reversal of foreign investment flows.

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