Turkey Anticipates Manageable Fine to Settle Halkbank-US Dispute

Turkey anticipates settling a long-running dispute with the US administration over sanctions busting allegations against state lender Turkiye Halk Bankasi AS with a manageable fine, according to a person familiar with the matter.

Turkey’s President Recep Tayyip Erdogan discussed the issue with US President Donald Trump at the White House last week, the person said, asking not to be identified due to the sensitivity of the matter.