Banking turmoil has the potential to trigger a worldwide financial crisis : ANZ Banking Group

Australia and New Zealand (ANZ) Banking Group’s CEO Shayne Elliott

Melbourne (Australia) – Australia and New Zealand (ANZ) Banking Group’s CEO Shayne Elliott said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008.

Australia and New Zealand Banking Group’s CEO said the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008 https://t.co/FDxYdHEyDy

— Reuters (@Reuters) March 27, 2023

It is preposterous to say this now but with the bad condition of the Banks in western countries there is the possibility of a great danger of its negative effect on the world. The western financial organisation should realise this, the danger that is here will not go away soon.