Turkey's Halkbank headquarters are seen in Ankara December 17, 2013. REUTERS/Umit Bektas
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Turkish stocks, bonds and the lira fell after a weekend report in a local newspaper said six Turkish banks may face penalties resulting from a U.S. investigation into their dealings with Iran, even after regulators denied the news and the publisher pulled the story. The Borsa Istanbul Banks Index fell as much as 2.9 percent, the most since the mutual suspension of visa services by the U.S. and Turkey on Oct. 8-9 amid a deepening diplomatic crisis between the two. The lira fell as much as 1.8 percent against the dollar, also the most since Oct. 9 .The U.S. cited arrests of American citizens and workers at U.S. diplomatic missions in Turkey for its decision, and Turkey reciprocated with a visa ban of its own. U.S. trade with Turkey was worth about $19 billion last year, making it Turkey's third-largest trading partner.Halkbank CaseThree executives from Halkbank, Turkey's second-largest state bank, have been charged in the U.S. for violating sanctions on Iran and banking fraud.
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