Foreign banks flex muscles in Australia as locals reel from scandals

By Sumeet Chatterjee and Paulina Duran HONG KONG/SYDNEY (Reuters) - Foreign banks are circling Australia once more as they bet on resources and infrastructure investment gathering pace at a time when local banks are distracted by a government inquiry following a string of scandals. Some, like Barclays , are plotting a return to the market, which holds some $3.5 trillion in banking assets and whose banks are among the most profitable in the world, just two years after an abrupt exit

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