Clancy Yeates

Clancy Yeates

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


Commonwealth Bank hopes business app will win new customers

Clancy Yeates CBA says app will give companies information previously unavailable without number-crunching.


Banks fall in behind Coalition's financial advice reforms

Big four banks

Clancy Yeates Australia's big banks are throwing their support behind the government's plan to roll back parts of Labor's financial advice reforms.


Westpac reluctant to get into mortgage price fight

AFR 30 May 13 The Annual Stockbrokers Conference, Sydney. Brian Hartzer, Westpac . Pic by Sasha Woolley

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Clancy Yeates Westpac's Australian boss Brian Hartzer says the bank's move to grow more aggressively in home loans and credit cards is starting to pay off, as household borrowing picks up.


Former Westpac banker David St Pierre permanently banned


Clancy Yeates Banker who sold mortgages to 'elderly or vulnerable' customers permanently banned.


Former Westpac banker banned for selling loans to 'vulnerable' customers


Clancy Yeates A former Westpac banker who sold a 30-year mortgage to a 98 year-old woman has been banned from working in financial services by the corporate regulator.

Home loan borrowers with CUA choose fixed rates

Clancy Yeates CUA says a near-record proportion of customers are taking out fixed-rate home loans.


Fixed-rate mortgage demand indicates only way is up for interest rates

iStockphoto. SHD Investor. 25 February 2010. Mortgage Document, Loan, Real Estate, Application Form, Finance, House Key, Contract, Investment

Clancy Yeates The country's biggest credit union, CUA, says a near record proportion of its customers are taking out fixed-rate home loans, a sign more borrowers believe the next move in official interest rates...

RBA looks at buffers to rein in harmful housing credit boom

Clancy Yeates Documents reveal Reserve Bank examined various options for limiting riskier lending.


RBA mulls higher home loan hurdles to curb risky lending

REAL ESTATE AFR 050508 PHOTO BY ROB HOMER ---- real estate fro sale in the western suburbs --- generic property , for sale , real estate , mortgage , investment   AFR FIRST USE ONLY

Clancy Yeates The Reserve Bank's preferred way of reining in a harmful housing credit boom would be to force banks to impose higher "buffers" to safeguard loan affordability in the event of future interest rate...


Global lenders challenge ANZ's push into Asia


Clancy Yeates Soft results from big Western banks in Asia have underlined the challenging environment facing ANZ as it encounters growing competition from global lenders targeting the region.

Phil Coffey becomes deputy chief executive at Westpac

Phil Coffey

Clancy Yeates Westpac is reshuffling its senior executives, appointing long-serving finance chief Phil Coffey as deputy to chief executive Gail Kelly.


Gail Kelly's future in spotlight as Westpac shuffles deck

Gail Kelly

Clancy Yeates Westpac is reshuffling its top executive ranks, promoting finance chief Phil Coffey to the newly-created role of deputy chief executive officer, in a move that is likely to reignite speculation over...


ANZ to appeal credit card late-payment fees ruling

Clancy Yeates and James Eyers ANZ will appeal the Federal Court's controversial ruling last month that it charged "extravagant, exorbitant and unconscionable" late-payment fees on credit cards


BoQ gets boost in battle with Big four banks

Bank of Queensland

Clancy Yeates Bank of Queensland's credit rating has been upgraded, in a change the regional lender says will help it compete with its bigger rivals.


Big four banks use cash-back deals to lure Australian mortgage customers

Photo Michele MOssop
Thursday 13th January 2010
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Commonwealth westpac NAB bank atm eftpos money savings

Clancy Yeates The number of banks trying to lure customers with cash payments has increased sharply.


Money talks: Banks offering cash to entice customers

MONEY 040219 AFR .PICTURE BY Gabriele Charotte /   GENERIC money, purse, savings, bank, atm, economy, interest rates, home loan, wages, salary, superannuation, bills, notes, pay, coins, investment, share market, sharemarket, stock exchange, trading, shares, funds  , fifty-dollar notes, wallet, $50-dollar bills, cash. 50 dollar notes. 50 dollars

Clancy Yeates Banks are increasingly offering borrowers cold hard cash in an attempt to sign them up as mortgage customers.


NAB lowers fixed loan rates as bonds fall

Clancy Yeates A slide in bond yields has pushed down banks' fixed borrowing costs, with National Australia Bank the latest lender to cut rates on a range of fixed-rate home loans.


NAB cuts fixed rates as competition heats up

NAB logo

Clancy Yeates National Australia Bank has cut a range of fixed home loan interest rates, as competition in the mortgage market heats up.


NAB's Gavin Slater on bank's shift to people power

Clancy Yeates Three years after National Australia Bank claimed it was ''breaking up'' with its rivals, its strategy is undergoing a subtle but significant shift.


ANZ chief Mike Smith sells shares to buy property

Mike Smith CEO ANZ.

Clancy Yeates ANZ chief executive Mike Smith has sold $17.3 million of shares in the bank.