Let’s Check In On Turkish Banks, Because Realistically, How Bad Could It … Oh, No.

"We view Yapi Kredi as the weakest positioned on capital levels", Goldman wrote last week, in a widely circulated note that painted a rather dour picture with regard to what ongoing lira weakness might mean for Turkish banks. On Monday, trading in Yapi Kredi was halted after heavy selling apparently tripped the circuit breakers. Put simply: things aren't looking great. Again, there isn't anything encouraging about that visual, nor is there anything encouraging about Goldman's assessment, whi