The ability to exert influence in public life is not easy, whether someone is in a prominent position or not.
Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Clancy Yeates and Nassim Khadem ANZ chief executive Mike Smith has backed a discussion about negative gearing as part of the government's review of the tax system.
Clancy Yeates ANZ boss Mike Smith insists the bank can still achieve a target to aggressively lift shareholder returns over the next 18 months, even as the bank faces declining margins, weak growth and the need to...
Clancy Yeates Westpac has triggered a sell-off in bank shares after it disappointed investors by delivering the smallest increase in its interim dividend in five years and reporting no growth in annual profits.
Clancy Yeates Westpac will apply tougher tests to new property investor borrowers when assessing how they would cope with higher interest rates.
Clancy Yeates Westpac has delivered half-year profits of $3.78 billion, unchanged from the same half last year, and will pay a dividend of 93c a share.
Clancy Yeates Australia's major banks are predicted to notch up more than $15 billion in first-half profits, helped by housing-led credit growth and historically low levels of loan losses.
Jonathan Shapiro and Clancy Yeates Almost $20 billion has been wiped off the value of the big four banks by sharemarket investors this week as concerns mount that the prudential watchdog will take aggressive action against...
Jonathan Shapiro and Clancy Yeates The big banks have shed almost $20 billion of value this week, as concerns mount that action will be taken to tackle property speculation.
Banking & Wealth Summit
Ruth Liew and Clancy Yeates The chairman of the Future Fund, Peter Costello, has urged politicians in power to stop messing around with the country's $1.9 trillion superannuation system.
Clancy Yeates The financial regulator is stepping up pressure on some superannuation funds to consider merging, as trustees face tougher rules forcing them to decide if members would be better served through...
Clancy Yeates Revelations of misconduct in the financial services sector cannot be blamed on "bad apples", APRA chairman Wayne Byres says.
Gareth Hutchens and Clancy Yeates Reserve Bank governor Glenn Stevens has warned that people on the verge of retiring are in a "much worse position" than those who retired a decade ago, because global retirement income systems are...
Clancy Yeates Commonwealth Bank chief executive Ian Narev has warned of the importance of ensuring new rivals can manage liquidity.
Clancy Yeates The share of household income needed to pay off a home loan for a typical house in Sydney is near a ten-year high.
Clancy Yeates After surging by 70 per cent in 2013, the local banks' rush to lend money to China has slowed.
Clancy Yeates If you assumed the big banks were only exposed to one truly booming capital city housing market, in Sydney, think again.
Clancy Yeates Thousands of Commonwealth Bank customers who may have received shoddy financial advice will be offered up to $5000 to spend on an independent review of their files.
Clancy Yeates The banking and wealth management industries have backed changes to the government's financial advice register, to prevent planners sacked for giving poor advice from moving to other...
Clancy Yeates Despite the theatre of grilling bank CEOs, tighter consumer protections should flow from the Scrutiny of Financial Advice inquiry.
Clancy Yeates ANZ deputy chief Graham Hodges says the financial planning industry had more work to do to restore its reputation.