02 Oct 2025 | 5 Mins Read
Turkey Expects Lenient Fine in Halkbank US Settlement
Flipitmoney
Turkey expects a manageable fine to resolve a long-running dispute with the US over sanctions busting allegations against state lender Turkiye Halk Bankasi AS, which was indicted in 2019 for allegedly evading sanctions on Iran. Halkbank's shares rose 11% following President Erdogan's White House meeting with Trump, amid expectations for a resolution.