Widening margins good news for Westpac

Clancy Yeates Wesptac is tipped to benefit most from the widening in profit margins from mortgage lending that underpinned the Commonwealth Bank's latest $3.78 billion earnings result.

CBA on track to deliver $7b bumper year

Clancy Yeates Bank on track to deliver a record profit of more than $7 billion this year, after its flagship retail banking arm overcame sluggish credit growth to help drive a 6 per cent jump in half-year earnings...

CommBank chief defends 'excessive' profit

Clancy Yeates CBA chief Ian Narev concedes that some people will see the bank's latest profit result as ''too much'', but maintains that funding costs are still a pressure.

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CommBank posts 'cracker' first-half result

Clancy Yeates Commonwealth Bank shares soar to a new record high, on a rise in earnings and dividend as its flagship retail operations benefit from solid growth.

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Big business in sight as Canberra clamps down on $1b tax loophole

Clancy Yeates New laws will give the taxman greater powers to combat tax avoidance and profit-shifting by big business, as the government steps up its effort to protect billions of dollars in corporate tax revenue.

RBA drops stake in accused Securency

Clancy Yeates The Reserve Bank has sold its 50 per cent stake in Securency, a firm alleged to have bribed foreign officials to secure note-printing contracts.

Reserve Bank sells out of Securency

Clancy Yeates The Reserve Bank has sold its 50 per cent stake in Securency, a firm alleged to have bribed foreign officials to secure note-printing contracts.

As banks' cash piles grow, so does pressure to share with investors

Clancy Yeates Commonwealth Bank is likely to face pressure to return cash to investors through dividends.

Slower grind forecast for big banks

Clancy Yeates Bank stocks enjoyed a stellar 2012, but the slowing economy threaten to take some wind out of the sector's sails.

NAB quarterly profit hits $1.45b as lagging UK arm shows some life

Clancy Yeates National Australia Bank has raised hopes that its struggling British business may have put the worst behind it.

Fixed mortgages cheapest in 23 years

Clancy Yeates Lenders have cut interest rates for the most popular type of fixed-rate mortgage to their lowest levels in more than two decades, amid bets the cash rate will fall further.

NAB hits new highs as outlook brightens

Clancy Yeates National Australia Bank shows tentative signs of recovery in its profit update as cash earnings rise on the back of lower charges for bad debt.

Westpac ups hybrid offering after strong demand

Clancy Yeates The market rally hasn't dampened retail investor demand for hybrid securities.

Westpac doubles hybrid offering due to demand

Clancy Yeates This year’s powerful market rally has done little to dampen retail investors’ demand for hybrid securities, with Westpac more than doubling the size of its latest issue after being rushed by strong...

CBA online platform targets retail investors

Clancy Yeates Commonwealth Bank is ramping up its push into the lucrative market serving self-managed super funds and retail investors, as banks expand their presence in wealth management.

Macquarie cautious on profit growth

Clancy Yeates Macquarie Group remains cautious about future profit growth despite the recent market rally.

Shares slide after MacBank flags smaller profits

Clancy Yeates Macquarie Group shares have fallen sharply after the company dampened market expectations for profit growth this year.

Apple, Google facing tax crackdown

Clancy Yeates Global giants including Apple and Google will be forced to reveal how much tax they pay the federal government.

Name and shame: tax transparency plans

Clancy Yeates Global giants including Apple and Google will be forced to reveal how much tax they pay the federal government, under a proposed crackdown.