Bloomberg wrote about the fund crisis: Confidence in the economy and activities are under pressure

Bloomberg reported that BDDK head Şahap Kavcıoğlu has requested to leave his post and former Takasbank General Manager Yunus Arıncı has been arrested as part of a fund investigation in Turkey. The moves come as confidence in the economy and business activity remain under pressure, according to the report. The departure of the banking regulator's chief and the jailing of a senior market-infrastructure figure signal widening fallout from the probe. Investors will watch who replaces Kavcıoğlu at the BDDK and whether the investigation expands to other institutions or executives.