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Australian banks well positioned to weather the financial crisis

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In comparison to the battered banks elsewhere, Australia’s ‘big four’ banks have been “holding up very well” relative to their counterparts in the US and Europe, which have either filed for bankruptcy or have sought government bailouts, says John Schubert, chairman of the Commonwealth Bank of Australia, the country’s biggest lender by market capitalisation.

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en

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http://knowledge.insead.edu/AustralianBanks081106.cfm?vid=118

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