Turkey Banking Regulator Chief Resigns Amid Investment Fund Crisis Probe

Shahap Kacoglu, head of Turkey's Banking Regulation and Supervision Agency, resigned amid investigations into an investment fund crisis that has rattled Turkish markets. The resignation follows allegations against the agency and Kacoglu personally, signaling potential political fallout and regulatory instability. The crisis underscores vulnerabilities in Turkey's financial oversight and may affect investor confidence.

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