Clancy Yeates

Clancy Yeates

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

Banking

CBA chief Ian Narev on notice over compensation

Clancy Yeates Corporate regulator puts Commonwealth Bank on notice over its latest compensation scheme.

Houses, dollar to fall warns Reserve Bank

Glenn Stevens: “People should not assume that [house] prices always rise. They don’t; sometimes they fall.”

Clancy Yeates and Peter Martin The Reserve Bank has warned home owners that "people should not assume that prices always rise" when deciding to buy property.

RBA governor Glenn Stevens warns property investors to tread with caution

house

Clancy Yeates and Toby Johnstone Reserve Bank governor Glenn Stevens has sent property investors a blunt warning to "take care" in Sydney's booming housing market, saying slower growth in house prices would be good for the economy.

Banking

NAB thinking about offloading custody assets

NAB logo

Clancy Yeates National Australia Bank has signalled it is open to offloading its custody business, in a sign it may also be putting other non-core assets under the microscope.

Banking

Banks could face pressure to set aside capital after Commonwealth Bank scandal

CBA.

Clancy Yeates The scandal engulfing the Commonwealth Bank's financial planning arm highlights the risk that Australian banks may be forced to hold billions more in funds to deal with internal failures, new...

Banking

Westpac closing in on mortgage market rivals

Westpac has lagged its 'big four' rivals for mortgage growth over the past year.

Clancy Yeates Westpac's push to claw back share in the $1.3 trillion mortgage market appears to be bearing fruit, after its home loan book grew more quickly than the industry average last month.

Banking

Big four on top of the world for profitability, says BIS

The big four banks of Australia.

Clancy Yeates Australia's major banks are the most profitable in the developed world, according to the BIS.

Inquiry

Senate inquiry recommends industry foot the bill for ASIC

Clancy Yeates The Senate economics committee report calls for sweeping changes to ASIC's funding for complaints.

Conditions ideal for ripe house prices, but growth tipped to cool in the year ahead

Auction sign.

Clancy Yeates Economic conditions supporting house prices are ''as good as they get'' and average house price growth will cool to between 2 per cent to 3 per cent year on year, according to a top Australian...

Banks

NAB cranks up broker commissions

NAB signs

Clancy Yeates National Australia Bank is stepping up its attempt to grab a bigger slice of the $1.3 trillion home loan market, introducing a new trailing commission as part of a move to write more loans through...

Banking

Asian banks boost presence in institutional lending market

Banking.

Clancy Yeates Australia's major banks face growing international competition for big business customers, as Japanese and Chinese lenders intent on regional expansion increase their lending to local institutional...

Treasury calls for stronger disaster defences

Bushfire

Clancy Yeates Governments could curb the soaring cost of home insurance by erecting stronger defences against natural disasters, such as constructing firebreaks and flood levees, or introducing tougher building...

Banking

Float of Lloyds offshoot TSB bodes well for NAB's chances of selling banks

Clancy Yeates NAB's prospects of selling its British banking business receives a boost with float of rival lender.

FOFA

Advice industry split on reforms

Treasurer Joe Hockey, Leader of the House Christopher Pyne and Prime Minister Tony Abbott.

Georgia Wilkins and Clancy Yeates Critics of the government's wind back of financial planning laws are turning to a Senate report out next week.

FOFA

Anger as Coalition waters down financial advice laws

Cormann

Georgia Wilkins and Clancy Yeates Consumer groups and industry super funds have hit out at the federal government's decision to push ahead with controversial changes to financial advice reforms.

Banks

Banks' fees back on the rise thanks to credit cards and personal loans

Do you know how your credit card works? (Thumbnail)

Clancy Yeates Households paid more in bank fees in 2013 for the first time in four years.

Super

Superannuation returns having another double-digit growth year

x

Clancy Yeates Retirement funds are on track for another financial year of double-digit returns, with the typical superannuation fund notching up growth of 12.6 per cent over the 11 months to May.

Banking

Westpac, ANZ lead commercial property lending charge

Clancy Yeates Westpac and ANZ Bank have been the most aggressive of the major banks in increasing their lending to commercial property, as banks pump billions more into a sector offering growth but also posing...

Outlook

Westpac's business customers the most confident

Clancy Yeates Westpac has the most confident business customers among the big four banks, while National Australia Bank's clients are the gloomiest.

Banking

From toothless tiger to jungle king: Wayne Byres' rise to banking regulator

Wayne Byres

Clancy Yeates Wayne Byres will find himself at the centre of the biggest policy debates in global finance.