Clancy Yeates

Clancy Yeates

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


Eftpos to overhaul payments network

Clancy Yeates Eftpos Payments Australia is seeking to push back against the fast growth of debit cards.

Housing market

Bankers deflate property bubble fears

ian narev.

Clancy Yeates, Jared Lynch CBA chief Ian Narev says concerns about the housing market overheating were justified.

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ANZ sees housing bubble risks


Clancy Yeates ANZ chairman John Morschel says there's no housing bubble yet, but acknowledges the risk of overheating further down the track.

What's wrong with October?

What's wrong with October? (Thumbnail)Click to play video

Clancy Yeates Why investors get nervous at this time of year and the pros and cons of self-managed super funds investing in property. Business reporter Clancy Yeates and Money columnist David Potts explain.

ANZ leads rivals in mortgage chase

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


ANZ tops big four in home loan growth


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.


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.


NAB'S British arm fined over mortgage errors


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.


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.


Housing bubble concerns overstated: ANZ


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


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.


RBA warns banks, households to be careful


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


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.


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.


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.


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.


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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