Clancy Yeates

Clancy Yeates

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

Banks

Financial watchdog tells banks to back off

Clancy Yeates Australia’s financial regulator has hit back at bank lobbying for safeguard rules to be watered down.

Banking

Commonwealth Bank's Ian Narev backs tough stance on bailouts

Ian Narev.

Clancy Yeates Commonwealth Bank boss throws his support behind government's tough stance on bailouts for failing businesses, saying Australians must recognise they face a more challenging economic climate.

Banking

Commonwealth Bank ups shareholder dividend on strong profit result

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Clancy Yeates The Commonwealth Bank has delivered a better than expected half year cash profit of $4.27 billion.

Banks

ANZ defends Asia business: First quarter profit up 13%

ANZ.

Clancy Yeates ANZ chief executive says its big customers in Asia continue to benefit from region's growth.

Manufacturing

ANZ Bank boss Mike Smith urges tax breaks for regions

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Glenda Kwek and Clancy Yeates ANZ chief Mike Smith urges governments to provide tax breaks to businesses setting up in regions hit by the exodus of car manufacturers.

ANZ Bank boss Mike Smith urges tax breaks for regions

ANZ

Glenda Kwek, Clancy Yeates ANZ chief Mike Smith has urged governments to provide tax breaks to businesses setting up in regions hit by the exodus of car manufacturers, amid fears the loss of tens of thousands of jobs in...

Finance

ANZ's improved bad debt provisions a good sign for big four

Clancy Yeates Australian bank profits tipped to receive further boost from low bad debt charges in 2014.

Banking

ANZ update points to boost for big four profits

Clancy Yeates Australian bank profits are tipped to receive a further boost from falling bad debt charges in 2014, after ANZ Bank's quarterly results revealed a significant improvement in credit quality.

Banking

ANZ profit jump as earnings grow 13 per cent

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Clancy Yeates ANZ Bank's cash profits rose to $1.73 billion in the first quarter, as bad debts continued to fall and the bank said economic conditions were becoming more predictable.

Banking

Push to tax big four banks for special "too big to fail" status

Promotional material from Australian banks, the Commonwealth Bank of Australia, clockwise from right, Westpac Banking Corp., National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. (ANZ), are arranged for a photograph in Sydney, Australia, on Tuesday, Feb. 7, 2012. Australia's central bank unexpectedly kept interest rates unchanged as two cuts late last year help the economy weather Europe's debt crisis. Photographer: Ian Waldie/Bloomberg

Clancy Yeates Customer-owned lenders are urging the government to impose $1.4 billion a year tax on the big four banks, a move they claim will help level the playing field and support financial stability.

Banking

ME Bank targets younger customers in Co-op deal

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Clancy Yeates ME Bank pushes new partnership in which it will offer bank accounts via the Co-op bookshop.

Banking

Commonwealth Bank tipped to post healthy interim profit

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Clancy Yeates The Commonwealth Bank is expected to highlight the industry's resilience to fragile conditions.

Courts

Bank fees under legal cloud after court ruling

Clancy Yeates Industry grapples with a Federal Court ruling that late payment fees charged by ANZ were exorbitant.

Banking

ANZ late payment credit card fees illegal: court

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Clancy Yeates Big banks could be forced to pay back more than $55 million in fees.

Gender

Gender balance: Finance chiefs want women to move up within their firms

Kevin McCann.

Clancy Yeates Senior figures in finance urge industry to raise number of women in top executive and director roles.

Hedge fund closer to trial in Goldman Sachs case

Clancy Yeates An Australian hedge fund that lost $US67 million when it bought toxic assets from investment bank Goldman Sachs is a step closer to having its day in court, after a New York court quashed Goldman...

Economic survey: Experts want financial inquiry to beef up consumer protection

Promotional material from Australian banks

Clancy Yeates David Murray's financial system inquiry should examine ways to beef up consumer protection and improve disclosure standards for retail investors, some of the country's top economists say.

Legal

Court dismisses Goldman Sachs hedge fund appeal

Goldman Sachs Group logo.

Clancy Yeates An Australian hedge fund that lost $US67 million when it bought toxic mortgages from Goldman Sachs is a step closer to having its day in court against the investment bank, after a New York court...

Economy

Higher confidence filtering through to borrowing, ANZ says

Story by: Ruth Williams
Photo: Ken Irwin KEN 7th December 2013 The Sunday Age. Business
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ANZ

Clancy Yeates ANZ says higher business confidence is finally prompting companies to increase borrowing.

Banks

Business confidence to lift borrowing, says ANZ

Anz

Clancy Yeates ANZ Bank says higher business confidence is finally prompting firms to increase their borrowing, a trend it expects to strengthen in 2014.