Clancy Yeates

Clancy Yeates

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

Suncorp aims to cushion rise in rates

The urban sprawl continues.

Clancy Yeates Suncorp Bank is making a long-term shift away from lending to customers with small deposits, which it hopes will limit the impact of an inevitable rise in interest rates.


Low deposit mortgages at two-year high

Deal to the mortgage.

Clancy Yeates Banks are lending more to higher-risk home buyers with deposits of less than 20 per cent.


Watchdog sounds warning on risky home loans

FINSA.AFR.18 SEPTEMBER 2013.Photo by ROB HOMER ........ JOHN LAKER chairman of APRA speaking at the financial services institute of australasia conference at the four seasons hotel in sydney today.

Jacob Greber and Clancy Yeates Regulator says debt-fuelled rise in prices threatens to create complacency in banks.


Banks warned over mortgage risks

For sale.

Clancy Yeates Banks are increasingly engaging in higher-risk mortgage lending, prompting a warning from regulators that the good times might not last


Boost for ANZ's Thai banking plan despite coup

A demonstrator holds a sign as she stands next to a picture of Thailand King Bhumibol

Clancy Yeates ANZ Bank's plans to break into Thailand's economy received a boost after receiving permission to establish a subsidiary in the troubled nation.

Fixed mortgage rates expected to stay at historic lows

Clancy Yeates Fixed mortgage rates look set to stay at historic lows for at least the next few months, as banks try to pinch each other's customers and investors bet the Reserve Bank will leave official rates on...


Fixed-rate mortgages gather momentum as official rates set to stay on hold

House and cash.

Clancy Yeates Fixed mortgage rates look set to stay at historic lows for at least the next few months.


Covered bonds soar as big banks look overseas for funds

NAB signs

Clancy Yeates Australian banks are increasingly turning to overseas investors to raise low-cost funding through covered bonds, as lenders look to exploit benign conditions on global credit markets.


Parliamentary inquiry set to question APRA aggression


Clancy Yeates The Australian Prudential Regulation Authority faces renewed questions over whether it is moving too aggressively in implementing global capital rules, as part of a new inquiry focusing on the...


Super funds on track for another bumper year

Clancy Yeates Superannuation funds are on track to deliver returns of more than 10 per cent for the second financial year in a row, as retirement savings are propelled higher by a global surge in shares.


Scottish secession vote is NAB's great unknown

Clancy Yeates Just as NAB's British business is starting to stage signs of recovery, shareholders face another source of uncertainty: a Scottish independence vote.

Borrowers' lack of mortgage buffer could spell trouble

Aussies aren't as far ahead on their mortgages as is commonly believed.

Clancy Yeates Australians aren't as far ahead on their mortgages as is commonly believed, meaning one safety buffer the RBA says will protect home owners against an economic downturn is smaller than many think.


Mortgage safety buffer 'surprisingly low'

Mortgage loan agreement

Clancy Yeates One of the safety buffers the RBA says will protect homeowners against an economic downturn is smaller than many think.


RBA sends warning to first home buyers


Clancy Yeates A senior Reserve Bank official has warned first home buyers against taking on too much debt in order to buy property, saying the squeeze on this part of the market is probably temporary or ''cyclical.


ANZ poaches Farhan Faruqui for key international job


Clancy Yeates ANZ Bank has poached senior Citi banker Farhan Faruqui for the newly-created job of chief executive of international banking


Joe Hockey cans Labor's home deposit saving scheme

house for sale

Clancy Yeates First home buyers will no longer receive taxpayer support when saving a deposit as part of the government's drive for budget savings.


Still 'much more work' to cut deficit, says Joe Hockey

Joe Hockey

Clancy Yeates Treasurer Joe Hockey is promising to shrink the budget deficit by slashing tens of billions from future spending, with the deepest cuts to take effect in two to three years.


CBA, Westpac call for financial planning roll backs

GENERIC commonwealth bank, banker, interest rates, big four, four pillars, pedestrians, customers.
CBA AFR 090827 MELB 


Clancy Yeates Australia's two biggest banks are ­urging the government to push ahead with its controversial plan to roll back part of Labor's financial advice reforms, claiming the current rules will make advice...


St George Bank chief says multi-brand approach within Westpac is paying off

Clancy Yeates When Westpac bought St George Bank in 2008 it vowed to preserve the identity of the smaller lender, which had its roots as a building society in Sydney's southern suburbs.


NAB boss Cameron Clyne: Australia in 'confidence' trap

08/05/14 AFR. Cameron Clyne CEO of NAB at their half-year results in Sydney. Photos Chris Pearce

Clancy Yeates National Australia Bank boss Cameron Clyne, in his final profit result as chief executive on Thursday, sounded a cautious note on the economic outlook, saying there needed to be a circuit-breaker to...