Australian banks turn to Future Fund for cash-paper

SYDNEY, Oct 7 (Reuters) - Australia's sovereign wealth fund, the Future Fund, has provided long-term loans to three major Australian banks to ease funding pressures caused by the global credit crisis, The Australian newspaper said on Tuesday. Westpac Banking Corp, National Australia Bank and Australian&New Zealand Banking Group have issued the Future Fund with notes with maturities of five- and 10 years, according to documents seen by the paper. The loans were made between March and April, in... [read full story]