Australian banks calm investors' nerves

AUSTRALIA'S bank regulator is believed to have sought further details of the exposure of Australian lenders to Dubai as it prepared for any potential shocks from the debt-heavy emirate.

Big four banks and regulator braced for defaults on loans

THE banking regulator is understood to have sought further details of the exposure of Australian lenders to Dubai as it prepared for potential shocks to the global financial system from the debt-heavy emirate.