However, S&P also warned that the Australian banking system 's significant
dependence on offshore wholesale borrowing was a key ratings weakness. S&P
said big banks' access to term funding on offshore markets could be blocked if
more disruptions in financial markets
AAP Australia's big four banks will retain their double-A long-term credit
ratings following the federal government's decision to withdraw the wholesale
funding guarantee, ratings agency Standard & Poor's (S&P) says.
However, S&P also warned that the Australian banking system's
At the height of the global financial crisis , banks around the world - with
the notable exception of Australia - were bailed out by governments at massive
expense to taxpayers. But now as banks begin to recover, courtesy of government
intervention, many are complaining
At the height of the global financial crisis , banks around the world - with
the notable exception of Australia - were bailed out by governments at massive
expense to taxpayers. But now as banks begin to recover, courtesy of government
intervention, many are complaining
