Posts Tagged Western Banks
On HSBC’s Exit from Turkey

On HSBC’s Exit from Turkey

In response to the global financial crisis, financial institutions in advanced economies have increased their focus on risk management leading some of the big names in the industry bowing out of emerging markets with low risk-reward profile. Specifically, Turkey has been a unique stage for the transformation of the global financial system where the Western banks suffered the crisis has sold off their businesses to the financial institutions with high appetite for risk which were mostly based in...

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