Clancy Yeates

Clancy Yeates

Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.

ANZ Bank raises interest rates on business loans

Clancy Yeates ANZ Bank has followed National Australia Bank in raising interest rates for some of its business customers, also increasing rates on some lines of credit.

Former NAB adviser cops seven-year ban

The banning of a former NAB adviser has resulted from ASIC's investigation into the big banks' wealth arms.

Clancy Yeates ASIC says former NAB adviser profited from submitting forms with forged client signatures.

NAB's Clydesdale and Yorkshire Bank enjoys solid sharemarket debut

Clancy Yeates and James Chessell Australian investors were expected to dump the stock. But Clydesdale and Yorkshire Bank's CEO says they are the reason for its solid London float.

NAB targets cashed-up owner-occupiers

NAB wants more of the mortgage market where homeowners are paying off the home in which they live.

Clancy Yeates National Australia Bank is eyeing stronger growth among mortgage customers paying off a loan on the home they live in.

House price growth to slow sharply in Sydney, Melbourne: NAB

The end of property's golden run? NAB is forecasting average capital city house price will edge up just 1 per cent this year.

Clancy Yeates House prices are forecast to come to a virtual standstill in Sydney, with much softer conditions also tipped for Melbourne and most other capital cities.

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Record-keeping woes revealed in CBA compo claims


Clancy Yeates Of more than 9000 cases registered under CBA's open advice review, 1050 had 'no advice file that is currently available for assessment'.

Will banks ignore the RBA and dance to their own interest rates tune in 2016?

If banks pass on costs to customers, they risk losing them to a rival offering cheaper rates.

Clancy Yeates Official interest rates set by the RBA are only part of the story for customers.

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Banks face rising costs from resources slump: Moody's

Clancy Yeates The commodities slump will push up Australian banks' bad debt costs from historic lows, even though the banks' lending to the resources sector is relatively small, credit ratings agency Moody's says.

Bank fee class action a test for unfair penalties laws

Clancy Yeates The High Court will hear a final appeal in a multi-million dollar class action against ANZ's alleged unfair bank fees this week.

APRA chairman Wayne Byres: Bank capital moving 'somewhat higher'

Australian Prudential Regulation Authority is carrying out a review of home lending.

Clancy Yeates Australia's powerful banking regulator says lenders will probably face "somewhat higher" capital requirements as a result of changes in global financial regulation.

Commonwealth Bank chief risk officer Alden Toevs retires, David Cohen to succeed

CBA risk chief Alden Toevs will retire from the position but remain at the bank.

Clancy Yeates One of the CBA's most senior executives, chief risk officer, Alden Toevs, is stepping back from full-time work and will be succeeded by head of corporate affairs David Cohen.

NAB's UBank targets debt-shy in mobile lending push

UBank chief executive Lee Hatton says the lender will focus on simpler home loans, which can be processed digitally.

Clancy Yeates National Australia Bank's online offshoot UBank is eyeing faster mortgage growth through greater use of mobile apps, and by targeting higher-deposit loans that are simplest to process digitally.

Clydesdale chief argues NAB-owned British bank is very cheap

Britain's Clydesdale bank says issues which have dogged it recently have been resolved.

Clancy Yeates Clydesdale Bank chief David Duffy is promising shareholders the British lender has "cleaned up" problems which have dogged it in recent years.

National Australia Bank shareholders back Clydesdale spin-off

Michael Mucci colour cartoon / illo / illustration /toon / artwork

map of great britain / national australia bank logo , NAB / pound symbol


Clancy Yeates and Sally Rose National Australia Bank shareholders have voted emphatically in favour of plans to spin off its poorly-performing UK business, clearing the way for Clydesdale Bank to float next week.

Five things to know about NAB's Clydesdale spin-off

Clancy Yeates If all goes as expected, NAB shareholders will directly own soon a piece of its British business, Clydesdale Bank.

Banks get picky with mortgage deals, with lower interest rates for cashed-up owner-occupiers

Banks began charging housing investors higher interest rates in 2015 amid a regulatory crackdown.

Clancy Yeates Owner-occupiers with big deposits enjoy mortgage interest rates up to half a percentage point less than other types of borrowers in the home loan market, research shows.

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Banks get picky with mortgage deals, awarding cashed-up owner-occupiers

Clancy Yeates Owner-occupiers with big deposits enjoy mortgage interest rates up to half a percentage point less than other types of borrowers in the home loan market, research shows.

NAB closing the gap in business satisfaction

Clancy Yeates National Australia Bank is catching up to rivals in business customer satisfaction as it tries to rebuild share in the competitive market for company loans.

Oil shock not as scary as it looks

Cheap oil should be a short in the arm, but may sting a little as it takes effect.

Clancy Yeates Judging by the sharemarket response to the tumbling oil price, you might assume cheaper petrol was somehow a terrible thing for the world economy and Australian companies.

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Financial advisers say new standards could push thousands to quit

Financial planners must have a degree or equivalent  by 2019 under draft federal  legislation.

Clancy Yeates Thousands of financial advisers might quit the industry if the government pushes ahead with plans to make advisers hold degree-equivalent qualifications in three years, an industry group says.