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Do banks' bad debt warnings mean we're on the brink of a new crisis?

With the commodities boom turning to bust, investors are worried that the banks may be too exposed to the struggling mining sector, after ANZ and Westpac unexpectedly lifted their provisions for bad debts.

Concerns about the health of the big four banks once again drove shares lower on Friday. Investors are worried Australian banks are teetering on the brink of a new debt crisis. How likely is that?

ABC Radio National's Sheryle Bagwell reports.

Read Sheryle's full article by clicking here.


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