ANZ CEO: Banking turmoil has potential to trigger financial crisis

Australia and New Zealand Banking Group's CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. "It's a crisis for some obviously, but is it a financial crisis, who knows? Yes, it does have the potential to be one," CEO Shayne Elliott said in an interview on the bank's website. Australia and New Zealand Banking Group's CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. "It's a crisis for some obviously, but is it a financial crisis, who knows?