European crisis to hurt Oz banks: Moody’s

Australia’s banking institutions are vulnerable to the debt crisis in Europe, according to Moody’s Investors Service.

Speaking at a conference in Singapore yesterday, Moody’s Asia Pacific Financial Institutions senior vice president Deborah Schuler said Australian banks were likely to suffer the repercussions of Europe’s debt crisis because they fund much of their loan book from global capital markets.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 23 June 2010