Australia tries to reassure as banks hit by bad debt jitters
(AFP)
<p><img src="http://d.yimg.com/us.yimg.com/p/afp/20080728/capt.cps.ncq54.280708081553.photo00.photo.default-512x374.jpg?x=130&y=95&q=85&sig=zrakCShsPPEezUXlby3Xlw--" align="left" height="95" width="130" alt="A man walks in front of a branch of ANZ in Sydney. The Australian government insisted Monday that the country's banks were sound, moving to reassure investors after more news of major losses sent bank stocks plunging.(AFP/File/Anoek de Groot)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/world/*http://news.yahoo.com/s/afp/20080728/ts_afp/australiaeconomybanking)AFP - The Australian government insisted Monday that the country's banks were sound after news that major lender ANZ had increased provisions for bad debts led to a plunge in bank stocks.</p><br clear="all"/>
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