trending Market Intelligence /marketintelligence/en/news-insights/trending/10Pm6_2AC--k2gcfLkuJWg2 content esgSubNav
In This List

Turkey's Halkbank faces potential fine over nonappearance in US court

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines


Turkey's Halkbank faces potential fine over nonappearance in US court

Türkiye Halk Bankası AŞ could face a fine if it continues to fail to make an appearance in a criminal case accusing it of conspiring to violate U.S. sanctions against Iran, Reuters reported, citing a U.S. prosecutor.

The Turkish lender was in contempt after it failed to make an initial appearance, assistant U.S. attorney Michael Lockard said, adding that prosecutors will allow more time for the bank to respond to a summons to its U.S. lawyer, Andrew Hruska.

The bank will get an additional two weeks to respond, according to U.S. District Judge Richard Berman.

Lockard's statement comes after Hruska said he lacked authorization to accept a summons or appear on court on behalf of the bank, the news agency reported, citing an Oct. 21 court filing.