Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Clancy Yeates The catastrophic Oklahoma City tornado could leave a damage bill of up to $US3 billion.
Clancy Yeates The catastrophic Oklahoma tornado could have a damage bill of up to $3b, raising the prospect of another wave of claims for insurance companies.
Clancy Yeates Success of the share issue prompted the bank to bulk up the size of its offer by up to half.
Clancy Yeates Investors have snapped up Macquarie's latest hybrid share offer, prompting the bank to raise the size of its offer by up to half.
Clancy Yeates The CBA executive leading its push into institutional stockbroking believes there is light at the end of the tunnel for the sector.
Peter Ker, Clancy Yeates BP describes the 2013 budget as a 'missed opportunity' for tax reform.
Peter Ker Clancy Yeates Multinational oil and gas company BP has described the 2012 budget as a ''missed opportunity'' for tax reform and said some of the tax changes announced were at odds with a pro-growth agenda.
Peter Ker, Clancy Yeates Multinational oil and gas company BP has described the budget as a ''missed opportunity'' for tax reform and said some of the tax changes announced were at odds with a pro-growth agenda.
Clancy Yeates Westpac expects more Australians to shift their retirement savings in the $450 billion self-managed superannuation sector as investors push for lower-cost services.
Clancy Yeates A budget clamp-down on tax deductions for offshore banking units could work against local banks’ push into growing Asian markets, the industry peak body says.
Clancy Yeates Small businesses will receive an extra $700 million in funding for innovation.
Clancy Yeates with Peter Ker Multinational businesses are the prime targets of a sweeping plan to close down corporate tax loopholes, but local banks are also in the government's sights.
Clancy Yeates Consumers are rushing to pay down credit card debts at the fastest pace on record.
Clancy Yeates, Esther Han The big banks have not been passing on interest rate cuts to their credit card customers.
Clancy Yeates and Esther Han Big banks have failed to pass on most interest rates cuts to their credit card customers, despite the Reserve Bank cutting them to their lowest level in more than 50 years.
Clancy Yeates Westpac home loan customers will not benefit from last week's interest rate cut for another week.
Clancy Yeates ANZ throws down a challenge to its rivals, cutting rates by a bigger margin than the RBA.
Clancy Yeates ANZ Bank will cut its mortgage rates by a bigger margin than this week’s official rate cut, lowering mortgage rates by 0.27 percentage points.
Clancy Yeates NAB chief executive Cameron Clyne concedes it will be difficult to hold back part of any future interest rate cuts from borrowers, because the war for deposits has eased.
Clancy Yeates NAB reports a jump in first -half profit and boosts dividend payments to shareholders.