Risks Remain in Australian Banks

By LYNDAL MCFARLAND September 10, 2008; Page C7 Every child growing up near one of Australia's beaches knows from an early age that calm water often indicates a dangerous riptide, which can drag unwitting swimmers out to sea. Investors in Australia's banking sector could learn from that lesson. Until recently, Australia's banks were viewed as a relative haven, safe from the waves of bad news that have lashed Wall... [read full story]