Banking crisis could trigger global financial meltdown – CEO ...News

The head of ANZ bank has said it is too early to forecast an end to the financial turmoil The threats facing some banks in the US and Europe have the "potential" to trigger a global financial crisis, the CEO of Australia and New Zealand Banking Group (ANZ), Shayne Elliott, warned on Monday. Governments around the world are highly concerned about the fallout, which has already shaken investor confidence in certain segments of the banking industry. Elliott said it was premature to assume the current situation could result in "another GFC [global financial crisis]" like the one that sent the world economy into recess

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