Australians concerned about whether their banks will experience the same troubles as some global institutions have been given some words of assurance.
Source:A senior RBA figure said volatility has picked up in Australian markets but banks are strong.Two banks collapsed in the US as global financial markets face headwinds.
The drama surrounding the major Swiss bank, coupled with the failure of two smaller US banks in the past fortnight, has sparked concerns over the health of the global financial system.The second-largest bank collapse in US history just happened. Should Australia be worried? "Banks are already well advanced on their bond issuance plans for the year and could defer their bond issuance for a while.
She said Credit Suisse had been plagued with issues for months, including management deals, negative cash outflow and a declining share price.
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