Reuters logo
Halkbank shares slump as much as 16 percent after executive's arrest
March 29, 2017 / 7:29 AM / 9 months ago

Halkbank shares slump as much as 16 percent after executive's arrest

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.

    Writing by Daren Butler; Writing by David Dolan

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below