Clancy Yeates

Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.

Analysts say there is not a compelling reason for banks such as CBA to own life insurance businesses.

Selling CommInsure could make sense for CBA: analysts

Commonwealth Bank could free up capital for higher-returning businesses by selling its insurance arm CommInsure, analysts said, after a growing number of banks have sought to retreat for the wealth management sector.

The view in markets is capital requirements are going up, but banks can get there without "big bang" capital raisings.

Banks brace for 'unquestionably strong' rules

A key source of uncertainty having over banks could be removed as soon as this week, with the prudential regulator tipped to soon provide long-awaited details of its plan to make lenders more resilient to shocks.