Turkey’s Erdogan Says Halkbank US Case to End After Trump Talks

Turkish President Recep Tayyip Erdogan said state lender Halkbank’s legal case in the US is due to be resolved following recent talks with President Donald Trump, prompting bank shares to rise.

Trump said “the Halkbank problem is finished for us” in both a recent White House meeting and a phone call, Erdogan told reporters. “This is an important expression of political will, and very valuable for us,” he said, adding that the process of wrapping up the matter still needs to be completed.

Donald Trump and Recep Tayyip Erdogan on Sept. 25.

Photographer: Craig Hudson/Bloomberg

Halkbank was indicted in the US in 2019 on allegations it participated in a ...