Clancy Yeates

Clancy Yeates

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

Funds

Future Fund ranked 12th biggest in the world

Clancy Yeates The taxpayer-owned fund is on the cusp of passing $100b threshold for assets under management.

Ratings

Banks downgraded to 'hold' by Bell Potter's Charlie Aitken

Charlie Aitken from Bell Potter.

Clancy Yeates Share prices are unlikely to continue rising faster than underlying dividend growth, says analyst.

Finance

Australian banks slash lending to Indonesia and India

Generic Banks illustration. 09/02/2014. Photo illustration Chris Pearce

Clancy Yeates Australian bank exposure to India and Indonesia falls by more than $US4.7 billion.

Clancy Yeates

Banks break their mortgage rate promise

Clancy Yeates dinkus

Clancy Yeates In March 2011, Westpac chief executive Gail Kelly made what now looks like a bold promise.

Earnings

Banks to reward shareholders with higher dividends

bank banks earning dividends big four atm

Clancy Yeates Three of Australia's biggest banks are expected to reward yield-hungry investors by unveiling higher dividends amid predictions that low default rates by borrowers will continue to boost the sector's...

Banking

Australian banks profit from growth of New Zealand economy

New Zealand one-dollar coins

Clancy Yeates After years of sub-par growth in New Zealand, signs of economic recovery bode well for Australia.

Lending

Analysts raise fears as Australian households step up debt

borrowing.

Clancy Yeates and Jonathan Shapiro The return of cheap and easy access to financing for lenders has sparked fears that Australia's heavily geared household sector may take on too much debt.

Banking

Scramble for customers a threat to banking profits

Gavin Slater

Clancy Yeates NAB's head of personal banking says fierce competition is pressuring profit margins.

Banking

Banks feeling the squeeze in mortgage market

Detached housing

Clancy Yeates National Australia Bank's head of personal banking says fierce competition in the $1.2 trillion mortgage market is pressuring profit margins from home lending, as lenders scramble to win customers.

Online saver accounts hit by lack of competitive interest

online

Clancy Yeates Interest rates on online saver accounts are drifting down despite no official moves from the Reserve Bank, in a sign banks are competing less fiercely for deposits.

Banking

Size matters for the banks, for better and perhaps for worse

The International Monetary Fund says the big four banks should be forced to hold more capital.

Clancy Yeates Few companies have the power to affect every facet of Australia's financial system like the big four.

Banking

Shoppers, business and traders hit by CBA glitch

Clancy Yeates Commonwealth Bank customers were left stranded on Tuesday after a computer meltdown prevented people from withdrawing cash from ATMs, using EFTPOS, or accessing their accounts online.

Banks

ANZ strengthens China banking links

ANZ

Clancy Yeates One of China's most powerful banks is seeking to strike better deals when its invests in Australia, as part of a global push to improve the quality of its lending.

Banking

Millions being 'skimmed' at ATMs

BANK.  AFR.  981230.  PIC BY GABRIELE CHAROTTE.  GENERIC AND EFTPOS AND CASH CARD AND ATM BANK AND BANKING

Clancy Yeates 'Nightmare' scenario of using new techniques while customers withdraw cash from ATMs.

Banking

ANZ in deal with China Development Bank

ANZ

Clancy Yeates ANZ Bank aims to provide Australian companies easier access to Chinese government-controlled capital, under a widened agreement with the powerful China Development Bank.

Legal

What 'skimming' costs Australians

ATM

Clancy Yeates Millions of dollars are stolen each year through the 'skimming' of people's bank details when they are making a transaction.

Banking

AMP makes pitch to stymie big four's dominance

AMP.

Clancy Yeates Wealth giant AMP is urging the government to consider higher capital charges for Australia's big four.

Is your superannuation under supervision?

Clancy Yeates dinkus

Clancy Yeates Why do Australians pay so much for the management of their retirement savings?

Banking

Australia's big banks zero in on free trade deals in Asia

Clancy Yeates The banks expect to benefit from closer trade ties in the region via increased demand for services.

Credit

Applications for credit cards and personal loans at highest level since GFC, says Veda

Credit cards

Clancy Yeates Applications for credit cards and personal loans have risen to their highest since the GFC.