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Aussie banks face funding crisis

Discussion in 'Finance & Banking' started by Tropo, 19th Sep, 2008.

  1. Tropo

    Tropo Well-Known Member

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    19/09/08
    Aussie banks face funding crisis

    Australian banks face a massive 2009 funding challenge because of a mismatch between funding and their mortgage and business lending assets says JP Morgan analyst Brian Johnson.
    Banks say the analysis is based on old numbers from 2007.
    Johnson says $9.9 billion of new corporate debt exposures have emerged to endanger bank's funding positions.

    Source: The Australian Financial Review