European funding markets frozen: ANZ chief
Updated May 18, 2012 18:12:53
ANZ boss Mike Smith says funding markets in the eurozone are frozen amid instability in the region.
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ANZ Bank chief executive Mike Smith says European wholesale funding markets for banks have effectively frozen as financial markets panic amid ongoing instability in the eurozone.
Global share markets have not posted a single day of gains all week, and the Australian share market has closed at its lowest level since November last year, as Greece lurches towards a new round of elections and investors fret about a looming banking crisis in Spain.
http://www.abc.net.au/news/2012-05-18/banks-funding-has-frozen-says-anz-chief/4020154/?site=melbourne
European funding markets frozen: ANZ chiefUpdated May 18, 2012...
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