Clancy Yeates

Clancy Yeates

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

Banks

Commonwealth Bank boss in shock on rogue planner scandal

Clancy Yeates Bank chairman concedes CBA was far too slow in responding to serious misconduct.

Banks

Rogue planner behaviour 'shocking': CBA

CBA exterior.

Clancy Yeates CommBank chairman David Turner concedes the bank was far too slow in responding to serious misconduct in its financial planning arm.

Financial Services

David Foster leaves Suncorp in executive reshuffle

FOSTER AFR PHOTOGRAPH BY GLENN HUNT 15062012.
FINANCIAL SERVICES - Suncorp Bank CEO, David Foster.

Clancy Yeates Executive responsible for turning around Suncorp's challenged banking division leaves.

Banking

CBA shares on a high as profits rise 14%

CBA building.

Clancy Yeates CommBank is on track to post another record profit in the coming year as it rides a wave of revenue growth, low bad debts and an improving economy.

Banking

Commonwealth Bank on track for $8b bumper

Commonwealth Bank.

Clancy Yeates CBA on track to post another record profit of more than $8 billion in the coming year as it rides a wave of revenue growth, low bad debts and an improving economy.

Banking

Investors cheer CBA profit growth

CBA

Clancy Yeates Commonwealth Bank stocks jump to a new high after the bank continues the run of bumper bank profits, benefiting from ''solid'' revenue growth.

Banking

Big four: jobs go as profits surge

NAB, ANZ, Westpac.

Clancy Yeates Profits at Australia's largest banks may have swelled to a record $27.4 billion this year, but staff numbers at three of the big four are heading in the other direction.

Housing

St George Bank chief George Frazis says first home buyers will return

housing

Clancy Yeates The chief executive of Westpac-owned St George Bank, George Frazis, pictured, has predicted first home buyers will come back into the housing market next year, helping to support a broader-based...

Banking

Westpac investors reap dividend

Clancy Yeates Westpac will sweeten its payout to shareholders by adding a special dividend worth $310 million.

Banking

Westpac posts record $7.1b profit

Westpac says it's working to restore full online and mobile banking services.

Clancy Yeates Westpac has notched up a record $7.1 billion profit and will pay shareholders a special dividend, capping off another bumper year for the nation’s big banks.

Finance

MacBank may put more assets on sale

The Macquarie Group Ltd. logo

Clancy Yeates Predictions of Macquarie offloading legacy businesses rise as stock prices soar.

Executives

NAB chief Cameron Clyne on top of his game

Cameron Clyne, Group Chief.

Clancy Yeates This time last year, National Australia Bank boss Cameron Clyne was in the hot seat.

Banking

Record $5.9b profit as NAB debts tumble

Cameron Clyne.

Clancy Yeates National Australia Bank chief confident the lender can deliver a long-awaited lift in performance.

Banking

NAB ups dividend as bad debts shrink

a

Clancy Yeates Classic case of sell on fact: NAB shares slump despite the bank posting a record profit and upping its dividend.

Insurance

Higher home premiums for risky areas

IAG logo.

Clancy Yeates People living in areas at greater risk of natural disasters should be prepared to pay higher premiums.

Banking

ANZ push for 'critical mass' in Asia

ANZ CEO Mike Smith.

Clancy Yeates Chief executive Mike Smith has signalled the bank will not retreat from its aggressive push into the region.

Australia's future 'completely linked to Asia': ANZ chief

Mike Smith

Clancy Yeates ANZ Bank chief executive Mike Smith has defended the bank's aggressive push into Asia, insisting the expansion plan is the best way to exploit the region's economic rise.

Banking

ANZ ups dividend on record profit

ANZ logo.

Clancy Yeates Investors cheer ANZ's bumper profit and dividend rise, as chief executive Mike Smith flags a high payout ratio in the mid term.

Banks

Bendigo and Adelaide Bank takes aim at Big Four

Bendigo Bank

Clancy Yeates Bendigo and Adelaide Bank has urged the government to put big banks' dominance under a microscope as part of its inquiry into the financial system, saying the industry lacks a level playing field.

Clancy Yeates

Boomers' retirement starting to bite

Clancy Yeates dinkus

Clancy Yeates Rightly or wrongly, the baby boomers are often made out to be an economically selfish bunch.