If Turnbull wants to really unleash Australia's potential, he should hire Martin Parkinson.
Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
James Eyers and Clancy Yeates CBA chief Ian Narev says facing customers who had been let down by the bank were among the worst moments of his career.
Clancy Yeates Big bank customers are likely to face higher borrowing costs due to new rule changes unveiled on Monday.
Clancy Yeates Australia's big banks have raised the smallest amount from wholesale funding markets in several years so far in 2015, after the Greek debt crisis cast a shadow over global credit markets.
Clancy Yeates The time it takes to save a deposit for a typical house in Australia's biggest cities is at or close to record levels, new figures show.
Clancy Yeates National Australia Bank has indicated it will soon sell its final 28.5 per cent stake in US lender Great Western Bank.
Clancy Yeates Australia's near 1.3 million landlords claimed a combined $12 billion in tax breaks from loss-making investment properties in the latest year covered by official data.
Clancy Yeates The Reserve Bank has backed a review of negative gearing as part of a broader discussion about tax, saying it and other policies may encourage debt-fuelled property speculation.
Clancy Yeates Financial system inquiry chair David Murray has backed the banking regulator's approach to making the industry more resilient to shocks, even though it fell short of supporting all his...
Clancy Yeates Westpac's plans to sell its banks in Vanuatu and the Solomon Islands have been put on hold after discussions with regulators in each country prevented deals from going ahead.
Clancy Yeates and James Eyers Analysts are predicting Commonwealth Bank of Australia and ANZ Banking Group will be forced to strengthen their balance sheets to avoid slipping behind rivals.
Clancy Yeates After all the pain big banks caused in the global financial crisis, making them safer is one of the top goals of regulators around the world.
James Eyers and Clancy Yeates Australia's banks would need to raise around $28 billion of equity capital to become "unquestionably strong", but APRA says it does not intend to tie bank capital requirements to international...
Clancy Yeates Suncorp believes big banks are targeting smaller lenders' core owner-occupier customers, reinforcing the need for pro-competition reforms.
Clancy Yeates New mortgage lending dropped more sharply than expected in May, as banks toughened their credit policies in response to fears the property market is overheating.
James Eyers and Clancy Yeates The profit generating engine that is the Australian banking sector has been spluttering over the past few months.
Clancy Yeates Treasury Secretary John Fraser says recent volatility on China's stockmarket is a taste of the "transition risks" created by the gradual opening up and development of the country's financial system.
Clancy Yeates Australia's biggest lender to landlords, Westpac, will require new property investors to have a deposit of at least 20 per cent.
Clancy Yeates National Australia Bank finance chief Craig Drummond says conditions on financial markets are supporting the bank's move to sell assets.
Clancy Yeates The financial regulator has raised concerns about new risks being created as the industry makes greater use of cloud computing to cut costs and compete with technology-based rivals.
Clancy Yeates The Commonwealth Bank has reversed its May decision to raise two deposit account interest rates, a move it had said was influenced by consideration of savers.