21. Thai banks used foreign funds to lend to real estate and stock speculators. 22. Thai bank bonds now yield only two percentage points more than United States Treasuries. 23. Thai banks are struggling under a mountain of bad debts caused by a bust in the property market and the slowest economic expansion in a decade. 24. Though Thai banks and telecommunications operators are still spending, Leong said electronics manufacturers were cutting back as they lost business to China. 25. When that happens Thai banks, many of which are chock-a-block with non-performing loans to debt-burdened property companies, should see their fortunes rebound. 26. Patriotism will be an element that prompts Thai people to continue to use the services of Thai banks. 27. Police said they would investigate further to see if any Thai bank officers were involved in the scam. 28. A number of Thai banks have announced capital increases. 29. A Thai bank said the treaty should stimulate faltering U.S. investment. 30. A source at a foreign bank implied that new banking practices will help Thai banks improve, citing the period when Citibank was a major shareholder of Nakornthon Bank. |