Thailand State Banks See Billions In Withdrawals After Rumors Of Deposits Being Used To Fund Rice Scheme Surfaced

Three of Thailand's state banks have experienced a bank run as the nation continues to grapple with political instability, after it was speculated that the banks were involved in lending to the troubled rice subsidy of the Yingluck Shinawatra administration. One of the banks, the Government Savings Bank (GSB) lost 30 billion baht ($1 billion) in deposit in a single day.