Are Australian banks ready for a property slump?

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From plummeting property prices across capital cities to the very live possibility of a RBA rate hike early next month, there’s lots of economic changes for Australia’s financial institutions to digest. So are Australia’s banks ready to weather what lies ahead? And on the heels of National Australia Bank announcing a major restructure earlier this week, what does the future hold for Australia’s banking sector? Carrington Clarke and Brian Johnson, Senior Banks Analyst at MST Financial break it…