Why halkbank Is Trending Today?

Turkish President Recep Tayyip Erdoğan has stated that the Halkbank case in the United States, involving a USD 100 million lawsuit, is resolved following discussions with former President Donald Trump. Erdoğan made these remarks while addressing various topics, including the F-35 program and CAATSA sanctions.

Turkey's Halkbank faced a significant drop in its stock market value following the U.S. Supreme Court's rejection of its appeal against Iran sanctions-busting charges. The U.S. Supreme Court has denied Halkbank's immunity bid in a U.S. sanctions case, upholding the prosecution against the Turkish bank. Halkbank has released statements to the Public Disclosure Platform (KAP) in Turkey, addressing the U.S. court's decision and asserting that the legal process is not yet complete.