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Supreme Court Rejects Halkbank's Appeal, Shares Plummet 8.3%
10/6/2025
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Story summary
- Supreme Court of the United States rejected Halkbank's appeal in Turkiye Halk Bankasi v. United States, 24-1144.
- The court did not rule on Halkbank's sovereign-immunity claim.
- Halkbank shares fell 8.3% in Istanbul after the decision.
- Prosecutors allege Halkbank moved $20 billion in restricted Iranian funds and laundered $1 billion.
- Erdogan spoke with U.S. President Trump last week about the case.
