Bank failures could hurt local auto sales
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…
