Moody's downgrades Australia's four major banks, saying they are too reliant on overseas...

|About: Australia & New Zealand ... (ANZBY)|By:, SA News Editor
Moody's downgrades Australia's four major banks, saying they are too reliant on overseas funding. "The GFC has underlined the speed with which shifts in investor confidence can impact bank funding." Bank shares are unaffected, but the aussie is lower, -0.3%, despite a "risk on" day.