Clancy Yeates

Clancy Yeates

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

ANZ leads rivals in mortgage chase

Clancy Yeates The big four banks battle for a larger share of the home loan market.

Banking

ANZ tops big four in home loan growth

ANZ

Clancy Yeates ANZ Bank continues to aggressively expand its mortgage book at the quickest pace of the big four, as the lender pumps more capital into its Australian home loan business.

Credit card defaults on the rise along with job losses

Visa card.

Clancy Yeates A growing number of Australians are failing to pay their credit card bills, in a potential warning sign more households are struggling with their finances as the economy weakens.

Housing

Rates down, house prices up: RBA faces growing dilemma

glenn stevens rba

Clancy Yeates The surge in house prices has put Reserve Bank governor Glenn Stevens between a rock and a hard place.

Banking

NAB'S British arm fined over mortgage errors

NAB

Clancy Yeates NAB's British business has been fined 8.9 million pounds ($15.2 million) after an error left customers making inadequate mortgage repayments in 2009.

Banking

ANZ backs tough rules to cool housing

ANZ and logo.

Clancy Yeates ANZ bank's Australian boss, Phil Chronican, says tougher credit rules for banks may be a 'sensible' option if house price growth becomes unsustainable.

Banks

Housing bubble concerns overstated: ANZ

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Clancy Yeates ANZ executive Phil Chronican says tougher credit rules could be appropriate if house price growth become unsustainable.

Investments

Reserve warns DIY super may set new property debt trap

Money house

Clancy Yeates The Reserve Bank has warned that self-managed super funds' growing investments in real estate have opened up another avenue for property speculation, which could affect the financial system's...

So is it a bubble or not?

Are we in a housing bubble? (Thumbnail)Click to play video

Clancy Yeates Low interest rates and signs banks are lowering lending standards have put authorities on housing bubble alert, says Clancy Yeates.

Economy

RBA warns banks, households to be careful

Housing

Clancy Yeates The Reserve Bank has given another signal it is closely watching how the property market reacts to record low interest rates.

Banking

Business looking to borrow in wake of election result: NAB

Businesses looking to borrow.

Clancy Yeates Australia's biggest lender to business sees signs companies are looking to lift investment.

Banking

M&A and floats lift Macquarie out of doldrums

Macquarie bank logo.

Clancy Yeates Macquarie Group's profits are on track to pass $1 billion this year for the first time since 2010.

Investment

Macquarie Group gets back on track

The Macquarie Group

Clancy Yeates Macquarie Group has signalled it expects profits to return to about $1 billion this year for the first time since 2010, as it reaps the benefits from a global recovery in share markets.

Banking

NAB's planned digital app to get with the program

Rapid growth in mobile banking is having significant implications for bank investment in ATMs and branches.

Clancy Yeates National Australia Bank is set to launch a new push into digital payments through a product called NAB Flik, as competition heats up in mobile banking.

Banking

NAB to launch new mobile banking app

Clancy Yeates National Australia Bank is set to launch a new push into digital payments through a product called NAB Flik, as competition heats up in mobile banking.

Home owners use interest rate cuts to pay down mortgages

Tilting dollars.

Clancy Yeates Home owners have put up to 90 per cent of the windfall from the past two years of interest rate cuts towards paying off mortgage debt ahead of schedule, the Reserve Bank says.

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Retail

Customers vote with wallets: Wesfarmers enjoys sales bounce

Richard Goyder.

Clancy Yeates Retail giant Wesfarmers has experienced a marked bounce in sales since the election.

Economy

Home owners use interest rate cuts to pay down mortgages

Clancy Yeates People have been using the savings to build up ''mortgage buffers'' instead of spending.

Policy

Financial inquiry 'must be broad'

Clancy Yeates Westpac has argued that Joe Hockey's inquiry into the financial system should not focus solely on competition, saying it needs to take a broader look at what helped Australia dodge the worst of the...

Economy

RBA deflates talk of housing bubble

Housing bubble.

Clancy Yeates The Reserve Bank has moved to dampen fears of a dangerous run-up in house prices fuelled by cheap debt.