Clancy Yeates

Clancy Yeates

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

Banking

High-risk loans on the rise as property market heats up

Sold

Clancy Yeates The proportion of home buyers taking out loans with deposits of 10 per cent or less increased in the September quarter, as the property market recovery gathered pace.

Mortgages

Highly leveraged home loans on the rise

housing

Clancy Yeates The proportion of new home loans going to borrowers with small deposits rose in the September quarter, as the property market recovery gathered pace.

Banking

Banks restrict loans in risky mining towns

rail

Clancy Yeates Banks are reining in home lending to investors in resource sector hot spots.

Insurance

Global capital set to limit premium rises after natural disasters

Clancy Yeates Institutional investors are increasingly keen to take on risk held by Australian insurers.

Reform

Financial system review to focus on foreign capital

AFR 17 July 2013 The Bellwether Series 2013: Asian Finance . Pictured David Murray Honorary Chair, International Forum of Sovereign Wealth Fund. Pic by Sasha Woolley

Clancy Yeates David Murray says he will put Australia's dependence on foreign capital under the microscope.

Financial system review to focus on foreign capital

treasury

Clancy Yeates David Murray says he will put Australia's dependence on foreign capital under the microscope as part a sweeping review of how well the financial system is working.

Government

Australian Office of Financial Management issues 20-year bond

Clancy Yeates The government's financing arm has taken a step towards building a market to support long-term borrowing by infrastructure projects, issuing its longest-dated bond.

Lending

Macquarie ups commissions to mortgage brokers

The Macquarie Group lgoo/

Clancy Yeates Macquarie is ramping up its aggressive push into home lending, joining the rush of banks to increase commissions paid to mortgage brokers.

Banking

NAB chief Cameron Clyne's statutory pay cut by $1million

Cameron Clyne

Clancy Yeates National Australia Bank chief executive Cameron Clyne's statutory pay has been cut by $1 million to $7.7 million after the bank fell short of key targets in 2012.

Remuneration

NAB chief Cameron Clyne takes $1m pay cut

Cameron Clyne

Clancy Yeates National Australia Bank chief executive Cameron Clyne’s statutory pay was cut by $1 million to $7.7 million in 2013, after the bank suffered investor backlash over remuneration last year.

Clancy Yeates

Generation Rent left out in the cold

Clancy Yeates dinkus

Clancy Yeates As more and more young people face being locked out of the housing market by soaring prices, it's time to acknowledge the obvious.

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Banking

ANZ chief executive Mike Smith's salary rises to $10.4 million

afr 29th october 2013 photo by louise kennerley Mike Smith CEO ANZ full year results afr 29th october 2013 photo by louise kennerley Mike Smith CEO ANZ full year results

Clancy Yeates ANZ chief executive Mike Smith remains the highest-paid bank boss in Australia.

ANZ boss Mike Smith enjoys pay rise to $10.4m

afr 29th october 2013 photo by louise kennerley Mike Smith CEO ANZ full year results

Clancy Yeates ANZ chief executive Mike Smith looks set to retain his position as the highest-paid bank boss in Australia, after his 2013 remuneration rose to $10.4 million.

Investment

Australians bet $500b on the banks

Big four banks

Clancy Yeates New figures show Australian households have half a trillion dollars, or more than a fifth of their financial assets, tied up in securities issued by the nation's banks.

Banking

Westpac's Brian Hartzer denies banks have lowered their credit standards

Brian Hartzer, Westpac.

Clancy Yeates One of Australia's most senior bankers, Westpac's Brian Hartzer, has denied lenders are lowering their credit standards in the rush to sign up new customers.

Banks

Not much evidence of overheating: Westpac

Clancy Yeates As competition in the mortgage market intensifies, Westpac’s Brian Hartzer denies lenders are lowering their credit standards in the rush to sign up new customers.

Economy

Abbott adviser warns on national income

Outgoing chairman of the asx MAURICE NEWMAN at their annual general meeting for 2008. AFR Photo by ROB HOMER, 080924. SPECIALX 92666
...AFR USE ONLY...

Clancy Yeates, Peter Martin Maurice Newman says it will be like hitting a brick wall' when national income growth collapses.

Regulation

Overhaul for securitised assets market

APRA generic

Clancy Yeates Financial regulator plans to help Australian banks cut reliance on ''kindness of strangers'' for funding.

Abbott's business adviser warns on national income

treasury

Clancy Yeates, Peter Martin Tony Abbott's pick as the head of his Business Advisory Council says Australia faces a collapse in the growth of national income so severe it will feel ''like hitting a brick wall''.

Home buyers borrowing more money with less of a deposit

1028 Glenhuntly Rd.

Clancy Yeates Banks are writing more home loans to borrowers with relatively small deposits, as first-home buyers and investors go head-to-head in the rush to snap up properties.

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