Turkey turned up heat on banks after standoff over bad loans
Reuters
Orhan Coskun and Ebru Tuncay and Can Sezer and Jonathan Spicer
September 23, 2019
ISTANBUL/ANKARA — Turkey forced banks to take losses on $8 billion in bad loans this week to kick-start lending and boost its economic recovery after losing patience with them, bankers, senior government officials and industry advisers told Reuters.
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