Hedge Funds & Alternative Investments
Sovereign wealth
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Turkey May Spend $3.8 Billion to Boost State Banks’ Capital
Turkey plans to inject 51.5 billion liras ($3.8 billion) into state banks to ensure they keep lending to businesses after the lira’s record drop eroded their buffers. Turkey’s sovereign wealth fund will boost core capital of TC Ziraat Bankasi AS, Turkiye Halk Bankasi AS and Turkiye Vakiflar Bankasi TAO as…
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Click here to read the full story: Bloomberg