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Turkey: World’s banking drama hits Turkey with new antitrust woes

By  |  March 11, 2013

More than $600 million in fines has been issued to Turkish banks as the Competition Board has accused the lenders of rate-rigging and collusion. According to reports, 12 banks have been fined as the authority found the banks to have rigged maximum deposit rates, credit card fees and loan rates between 2007 and 2011. The action comes after an investigation by the Competition Board.

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    Full Content: Anadolu Agency

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