Thailand chief among top executives leaving troubled Credit Suisse
A Credit Suisse logo is seen on a branch in Geneva. The troubled Swiss lender has reached an agreement to borrow from the country’s central bank to shore up its finances. (Photo: Reuters)
Local banks foresee only a small impact from the troubles facing Credit Suisse and some banks in the United States due to their low external exposures and strong capital positions, according to the Thai Bankers’ Association.
Thai lenders have worked closely with the Bank of Thailand on supervision to strengthen their positions, Kobsak Duangdee, secretary-general of the TBA, said on Thursday.
“They don’t have large overseas borrowing and their…
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