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Bangkok Post

Business

EXPLAINED: Fti uneasy over banking crisis - The Real Truth

FTI Surapong Paisitpatanapong the Federation of Thai Industries United States Europe

Automobiles are showcased at the Bangkok International Motor Show 2023, currently taking place at Challenger halls, Impact Muang Thong Thani. The event runs until April 2 and is expected to boost domestic car sales. (Photo: Pattarapong Chatpattarasill)

Domestic car and motorcycle sales may bear the brunt if Thai financial institutions are affected by the risk of failed banks in the US and Europe, says the Federation of Thai Industries (FTI).

The concern was raised after US and European banking executives and regulators stepped in to save California-based Silicon Valley Bank, New York-based Signature Bank and 167-year-old Credit Suisse in Zurich, Switzerland from potential crisis.

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