EghtesadOnline: The biggest state-owned bank on Turkey’s stock market plunged the most on record on Wednesday after its deputy chief executive was arrested in the U.S., accused of using his position at the bank to help facilitate evasion of U.S. sanctions on Iran.

EghtesadOnline: A senior executive at one of Turkey’s largest state-owned banks was arrested in the U.S. on charges of conspiring to evade trade sanctions on Iran, escalating a case that has prompted diplomatic tensions and political maneuvering between the two countries.