Tuğçe Özsoy

Bloomberg News reporter in Istanbul. Opinions are my own. RTs are not endorsements.

[Tuğçe Özsoy @Daphniful]

Kızımın ilk tweeti 😂

[Tuğçe Özsoy @Daphniful]

Üüşlytgnn

[İnci Özbek @inciozkasnak]

The fund manipulation scandal that’s roiled Turkey’s stock market is reverberating through the top ranks of its financial industry, with the chief banking regulator offering to resign on Wednesday and authorities arresting the former head of the country’s settlement and custody bank. With @Daphniful https://t.co/c5VfKehvee

[Bloomberg @business]

Turkey’s banking regulator chief, Sahap Kavcioglu, asked President Recep Tayyip Erdogan to accept his resignation https://t.co/a7ZVii3UJQ

[Bloomberg @business]

Banks overseeing Turkey’s fund liquidations sold about $254 million of blue-chip shares held by frozen funds off-market, in a move that could help remove an overhang on the country’s stock indexes https://t.co/sAeutVpZAB

[Tuğçe Özsoy @Daphniful]

Banks overseeing Turkey’s fund liquidations sold about $254 million of blue-chip shares held by frozen funds off-market, in a move that could help remove an overhang on the country’s stock indexes https://t.co/mZl6j8lOEN

[Bloomberg @business]

Turkey’s sovereign wealth fund is buying stakes in Togg from two of the electric carmaker’s original investors, in deals that value President Recep Tayyip Erdogan’s flagship industrial project at $900 million https://t.co/qcz2i65ikq

[Bloomberg @business]

Turkish authorities arrested Borsa Istanbul CEO Korkmaz Ergun on bribery charges, state-run Anadolu Agency reports https://t.co/66JY73DTNB

[Bloomberg @business]

Turkish President Recep Tayyip Erdogan appointed Muhsin Atci, head of the nation’s tax inspection board, as chief of Turkey’s market regulator to help deal with an investment fund crisis that rocked financial markets https://t.co/3rfZb8aAlk

[Tuğçe Özsoy @Daphniful]

Borsa Istanbul Chief Executive Officer Korkmaz Ergun was detained as part of an investigation into Turkey’s investment fund crisis, state-run Anadolu Agency reported on Saturday https://t.co/UUgeh6ZqIN

[Bloomberg @business]

Turkey’s market regulator raised the threshold for qualified investors fivefold in the wake of a fund rout that rocked capital markets and erased billions of dollars of equity value https://t.co/c8CnqaoG2W

[beril a. @berilakman]

Additional statement from the brokerage saying the decision is unrelated to current developments.

“The Company has not conducted any capital markets activities or provided any investment services and activities or ancillary services to clients since 3 July 2015. Accordingly, the process initiated for the cancellation of the Company's operating license is essentially intended to align the Company's current legal status with the factual position”

[Orkun Saka @_OrkunSaka]

Some of my comments on what can restore trust in Turkish financial markets (via @Bloomberg): https://t.co/F5LMSknfVA

[Bloomberg @business]

Inside the billion-dollar fund scandal rocking Erdogan's Turkey https://t.co/b11oMLSBjw

[Uğur Yılmaz @uguruzyilmaz]

Bugün Bloomberg olarak fon krizi öncesi ve sonrasında yaşananlara ilişkin haberimize erişemeyen çok kişi olmuş. Ücretli abonelik olmadan habere erişim sağlayan linki buraya bırakıyorum:
https://t.co/ynBGeDukYZ

[Bloomberg @business]

Turkey’s market regulator has shut down three brokerages that ran funds now set to be liquidated, throwing hundreds of jobs in doubt and adding to the turmoil in the industry https://t.co/0SiFtLgGhk

[beril a. @berilakman]

Turkey’s market regulator chief stepped down on Monday during the fallout of a fund crisis that’s upended the country’s markets. Mahmut Sutcu cited health reasons, according to Anadolu Agency. https://t.co/M3hJspKTcm

[beril a. @berilakman]

The crisis roiling Turkey’s investment industry may be spilling into its fast-growing corporate bond market, potentially crimping smaller companies’ access to financing.

with @inciozkasnak and @Daphniful https://t.co/rsAKZfeFAJ

[Tuğçe Özsoy @Daphniful]

MSCI is stepping up scrutiny of Turkey’s equity market following a crisis in the country’s fund industry, freezing some index changes and warning that its emerging-market status could eventually be at risk https://t.co/h5Ci9uWqDv

[Murat Oztaskin @MuratOztaskin]

A surprise slowdown in Turkish price growth last month strengthens the case for a rate cut at the central bank’s October 22 meeting. From @berilakman @barisbalci @Daphniful

https://t.co/jcmhlLCe3D

[Bloomberg @business]

X made nearly 500 accounts from journalists, economists, academics and other public figures inaccessible in Turkey in the past week, according to website that monitors internet censorship in the country https://t.co/EuzUBPAI7i

[Bloomberg @business]

Turkey’s fund-industry crisis is inflicting some of its heaviest losses on smaller, less-liquid stocks https://t.co/xUMoZ8bL67