Halkbank shares slump as much as 16 percent after executive's arrest
1 Min Read
ISTANBUL (Reuters) - Shares in Turkey’s Halkbank tumbled as much as 16 percent on Wednesday, after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran.
A customer uses an automated teller machine at a branch of Halkbank in Istanbul August 15, 2014. REUTERS/Osman Orsal
At 0716 GMT, Halkbank (HALKB.IS) shares were 11.28 percent lower. Istanbul's banking index .XBANK was down 2.22 percent and the main index .XU100 was 0.98 percent lower.