Turkish authorities arrested Borsa Istanbul Chief Executive Officer Korkmaz Ergun on bribery charges as they investigate a fund scandal the justice minister linked to a criminal network involving senior financial officials.

Long before Tera imploded, suspicious trading had begun to alarm executives, investors and regulators

Turkey has proposed an unusual solution for its fund crisis — investors who reaped massive gains should voluntarily return their money to help other people stuck in frozen funds.

Turkish President Recep Tayyip Erdogan said he will meet senior economic officials and the heads of relevant institutions on Tuesday as the government prepares further steps in response to the turmoil in the country’s fund market.

Turkey’s widening fund crisis reached the ruling AK Party’s leadership, with Deputy Chair Fatma Betul Sayan Kaya stepping down from her party post after opposition allegations about stock trades involving her and her husband.

Turkey’s economic authorities are holding two days of talks on how to repay investors in 131 investment funds being liquidated after a wave of redemption failures triggered turmoil in the country’s markets.

One of Turkey’s most prominent opposition politicians and a potential presidential contender resigned from his party that has been fractured by a prolonged leadership battle, vowing to continue his political career as an independent.

The “Goldman Sachs of Turkey” is how they described their ambitions at the investment bank and brokerage Tera Group.

Turkey’s market regulator filed criminal complaints against dozens of people and imposed trading bans over alleged share-price manipulation by asset managers at the heart of turmoil that’s shaken the country’s investment fund industry.

Small-time investor Riza Gundogdu thought he had found the next Tesla Inc. early last year when he invested in shares of Kontrolmatik Enerji ve Muhendislik AS.

At first, it was just a curiosity in Turkey’s financial circles: An obscure brokerage firm with a stock that went up and up.

Turkish Airlines carried out a sweeping management overhaul by replacing its chief executive officer and chairman, installing a new leadership team as the global aviation industry grapples with flight restrictions and high fuel costs.

Turkey reshuffled the top ranks of two of its state-owned banks, installing new leadership at Turkiye Halk Bankasi and transferring its outgoing chief executive to Turkiye Vakiflar Bankasi, according to exchange filings late Thursday.

CVC Capital Partners PLC is working with Goldman Sachs Group Inc. to explore a sale of Mediterranean marina operator D-Marin, people familiar with the matter said.

Turkish brokerage Tera Yatirim Menkul Degerler AS, which has seen its share-price surge over the past year, reported a nearly 70-fold jump in profit for 2025.

Turkey raised fixed excise taxes on fuel, tobacco and alcoholic beverages, setting increases below producer inflation as policymakers seek to support the central bank’s efforts to slow price growth.

Turkey said it has found a crashed drone believed to be Russian-made in western Kocaeli province,  adding to a series of recent security incidents amid rising tensions in the Black Sea region.