The collapse of Silvergate Bank and Silicon Valley Bank in the United States is unlikely to have any impact on Thailand because Thai banks do not invest in them, according to a government spokeswoman.
Traisuree Taisaranakul, deputy government spokeswoman, said on Monday that the collapse of the two banks in the US last week caused fluctuations worldwide in money and capital markets, but was unlikely to have any impact on the Thai economy.
Thai financial institutions neither invested in nor made any transactions through the two banks, she said.
The impact on the financial sector of the US was expected to be limited because the business areas of both banks were…
