Siam News Network

Budapest: Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans. Fitch, which followed similar moves from Moody's and S&P, kept a negative outlook, indicating a more than a 50 per ...

China’s real estate scene is reminiscent of the 2007 US market: developers are slashing prices and infuriating owners who paid top yuan for properties. Problems in the real estate market are extending into steel, banking, mining and other sectors. Vacant developments are numerous because wealthy Chinese savers have few ...

The statements made by the State Bank of Vietnam recently make people understand that while Vietnam is still busy “putting the banking system in order,” it would nearly say “no” to the establishment of any new banks.View original post here: SBV sets stricter rules on new bank establishment

The past three months have been tough for Indian banking. High interest rates and threats of a global recession have taken their toll on bank stocks.The NSE banking index fell 15 per cent compared with the Nifty’s 11 per cent slide in the past three months. Indian banks, ironically, ...

Most Thai banks showed improvement in quarterly net profit, with the fifth-largest Thanachart Capital (TCAP) marking the highest growth at 53.5 per cent in the third quarter after its acquisition of Siam City Bank (SCIB). Hefty profits chalked up by Thai banks this year have again given rise to ...

The baht has climbed 11% this year as global funds bought 41.9 billion baht more of local shares than they sold. The Bank of Thailand (BoT) is monitoring the baht movement closely and is studying additional measures to oversee the currency Thailand Business NewsRead more: More measures to ...

The Bank of Thailand has alerted commercial banks to improve their security systems, after a hacker stole personal information belonging to a bank customer and used it to transfer money via Internet banking services. Meanwhile, the central bank continues to receive a stream of complaints regarding Internet banking and ATM ...

Foreign banks operating in Thailand reiterated their readiness to increase lending in an effort to help maintain the country's economic growth momentum.Thai banks provide a wide range of services throughout the country. Most foreign banks are represented, however, at this stage they offer limited services to the individual consume ...