ANZ CEO warns of potential global financial crisis due to banking turmoil.

ANZ CEO Shayne Elliott said the recent turmoil in the global banking system has the potential to trigger a financial crisis, but it is too early to predict if it will be similar to the 2008 crisis. He attributed the current condition to the global war on inflation and central banks raising rates quickly to combat it. Australian banks did not suffer as much as those in the US and UK during the 2008 crisis, thanks to tighter lending standards and a more resilient home economy.