61. He said Thai banks voluntarily decided to stop trading baht with foreign banks, thus shrinking the supply of available currency for speculators to use. 62. He told reporters the BOT was inclined to sell the licence to a large foreign bank which could better support the expansion of a Thai bank. 63. However, for Thai banks, the quality of loans also depends on the value of collateral. 64. If Citibank is no longer interested in FBCB, is the bank shopping for any other Thai bank? 65. I patiently explained that I had accounts with three major Thai banks and none would accept the money order. 66. If successful, the two Thai banks will become one and the foreign suitor will inject new capital into the merged unit. 67. If the new regulation is launched on schedule, at the end of this year, it would mean misery for Thai banks, they added. 68. In July, Chavalit ordered police raids on two foreign brokerages because he said they were spreading rumors by fax that five Thai banks may fail. 69. In Thailand, shares fell on poor earnings reports from Thai banks. 70. In its statement Tuesday, Citibank said it could not comment on whether it still wants to buy a stake in the Thai bank. |