Top 10 commercial banks report combined net profit of nearly 250 billion baht as debt crisis begins to subside

Thailand's most powerful business lobby group – the Joint Standing Committee on Commerce, Industry, and Banking – on Thursday said it is confident the Thai banking sector will not be affected by recent bank failures in the United States and liquidity problems at Credit Suisse, but warned that the situation should be closely monitored as it could be the start of a new financial crisis.