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Border re-opening caused a record collapse of the Turkish lira

The Turkish lira has reached a record low. Speculators are taking advantage of the fact that there is nothing left in the local Central Bank reserves.

Wirecard collapse caused European banks multimillion losses

The combined loss of Commerzbank, ING, and Credit Agricole from the collapse of Wirecard was EUR 460 million. Most likely, other European banks were also affected, writes Bloomberg.