The Bad News Keeps on Coming for Turkey's Already Battered Banks
By Asli Kandemir
May 8, 2019, 1:59 AM EDT
Lenders already burdened with about $28 billion restructurings
Weaker lira is making foreign-debt repayments more expensive
The Lira slumped to a seven-month low on Tuesday.
Drawn-out elections and a rout in the lira mean more bad news for Turkey’s banks.
mORE:The Bad News Keeps on Coming for Turkey's Already Battered Banks - Bloomberg
