Clancy Yeates

Legal

Lehman Brothers blocks settlement deal

Clancy Yeates A proposal to return $210 million to Australian clients of Lehman Brothers has hit a snag, after the failed investment bank’s US arm blocked the plan at the last minute.

Banking

Lenders slow to pass on rate cuts

Clancy Yeates Big banks have passed on rate rises in less than half the time it takes them to deliver cuts.

Rates

Banks raise rates in haste, cut at leisure: report

Clancy Yeates Big banks have passed on official interest rate rises to their customers in less than half the time it takes them to deliver rate cuts, new figures show.

How the plastic can work for you

Clancy Yeates Credit card interest rates are at a 53 year low. Personal finance writer, John Collett explains.

Banking

ANZ, Macquarie named by Singapore in rate-rigging scandal

Clancy Yeates ANZ and Macquarie have been implicated in an interest-rate rigging scandal in Singapore.

Dangers of falling for a pretty face

Clancy Yeates What do former Miss Universe Jennifer Hawkins and TV gardener Jamie Durie have in common?

Banks

ANZ, Macquarie rapped in Singapore rate probe

Clancy Yeates ANZ Bank and Macquarie have been implicated in an interest rate rigging scandal in Singapore, forcing each of them to set aside extra capital.

Charity

Lenders back bond to keep children out of foster care

Clancy Yeates Big Australian banks have backed a ''social benefit bond'' for the first time to help social services.

Housing

Banks battle on fixed rate mortgages

Clancy Yeates Banks are stepping up their attempts to reignite the mortgage market through fixed-rate home loans, with HSBC cutting rates on two-year fixed loans for new business to a record low.

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Banking

Suncorp sells off 'bad loans'

Clancy Yeates Suncorp is still tipped to reward shareholders with a special dividend later this year.

Shareholders

Suncorp to increase dividends

Clancy Yeates Suncorp has sold $1.6 billion worth of troubled property loans from its ‘‘bad bank’’ to Goldman Sachs.

Banking

Bold measures paying off for ANZ

Clancy Yeates The lender's recent growth in home loans is passing the other big banks.

Payments

Consumers slow to embrace mobile banking

Clancy Yeates Mobile banking still accounts for less than 10 per cent of the value of digital transactions, despite the rapid growth in customers managing their finances on the go.

Banking

Business tipped to be more mobile

Clancy Yeates Mobile banking still accounts for less than 10 per cent of the value of digital transactions.

Liquidity

Banks angry at 'rush' to regulate

Clancy Yeates The banking regulator has rejected industry claims it is racing ahead of the world to implement rules designed to make lenders safer.

Banking

New liquidity rules a safe bet: APRA

Clancy Yeates The banking regulator has bluntly rejected industry claims it is racing ahead of the world to implement rules designed to make lenders safer during times of financial stress.

Home loans

Banks jostle over mortgage market

Clancy Yeates Westpac could cut mortgage rates to prevent rivals taking a share of the home loan market.

Debt

Moody's mulls over Aussie bank bond ratings

Clancy Yeates Moody’s will consider downgrading its credit ratings on subordinated debt issued by the Australian banks, as global regulators take a tougher line on bondholders in distressed banks.

Banking

Credit unions cautious when it comes to banks

Clancy Yeates A government push to bolster the appeal of customer-owned lenders has received moderate support from the industry, with less than half of the eligible credit unions taking up an offer to call...