Halkbank shares slump as much as 16 percent after executive's arrest
![HALKBANK-CACANSKA](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/931/506/2017-03-29T072714Z_1_LYNXMPED2S0FY_3_HALKBANK-CACANSKA-2.jpg?ve=1&tl=1)
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.
At 0716 GMT, Halkbank shares were 11.28 percent lower. Istanbul's banking index was down 2.22 percent and the main index <.XU100> was 0.98 percent lower.
(Writing by Daren Butler; Writing by David Dolan)