Banks fined for insurance regulatory breach
Two leading Turkish banks were fined TRY281.8 million for breaching insurance laws regulations. Yapı Kredi, the Turkish unit of Italy’s UniCredit SpA, has been fined TRY187.1 million and Akbank was asked to pay TRY94.7 million, according to statements by the companies to the Istanbul Stock Exchange. Both banks said they would benefit from a 25 […]
