Clancy Yeates

Clancy Yeates

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

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.

Banking

Commonwealth Bank hopes business app will win new customers

Generic pic of a man using a tablet computer

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

FOFA

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.

Loans

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.

Banking

Former Westpac banker David St Pierre permanently banned

Regulation

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

Mortgages

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

Elderly

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.

Hike

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.

Mortgages

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...

Banking

Global lenders challenge ANZ's push into Asia

ANZ.

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.

Banking

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...

Cards

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

Banking

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.

Banking

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

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

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