S&P's: Bank runs unveil new risk | Bangkok Post: business

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S&P's: Bank runs unveil new risk

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SINGAPORE — A recent surge in cash withdrawals from a government-owned bank in Thailand suggests the currently weak political environment is starting to affect the country's financial system, Standard & Poor's said in a statement yesterday. 

An anti-government protester shows the money she withdrew from a Government Savings Bank branch on Feb 19, 2014. - PATTARACHAI PREECHAPANICH

However, the ratings agency sees the incident as politically motivated, rather than signs of a loss of confidence in any bank.

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