Insurance

QBE avoids tornado fallout

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.

Funding

Investors snap up Macquarie hybrid issue

Clancy Yeates Success of the share issue prompted the bank to bulk up the size of its offer by up to half.

Markets

Strong demand for Macquarie hybrids

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.

Banking

Institutional broking 'on the mend'

Clancy Yeates The CBA executive leading its push into institutional stockbroking believes there is light at the end of the tunnel for the sector.

Budget reaction

Multinationals cry foul at tax changes

Peter Ker, Clancy Yeates BP describes the 2013 budget as a 'missed opportunity' for tax reform.

Multinationals cry foul at budget's corporate tax changes

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.

Multinationals cry foul at budget's corporate tax changes

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.

SMSF

Banks hunt for their own super returns

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.

Budget

Banks warn on tax crackdown effects

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.

New funding to propel innovation, jobs

Clancy Yeates Small businesses will receive an extra $700 million in funding for innovation.

Budget

Loopholes to close on big end of town

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.

Credit

Credit cards debts being paid off faster

Clancy Yeates Consumers are rushing to pay down credit card debts at the fastest pace on record.

Interest

Big banks in credit card gouge

Clancy Yeates, Esther Han The big banks have not been passing on interest rate cuts to their credit card customers.

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Record low rates but no such move on credit cards

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.

Banking

Westpac delays passing on rate cut

Clancy Yeates Westpac home loan customers will not benefit from last week's interest rate cut for another week.

Rate cuts

Reserve outcut as ANZ steals a march on rates

Clancy Yeates ANZ throws down a challenge to its rivals, cutting rates by a bigger margin than the RBA.

Mortgage

ANZ outdoes rivals with deeper rate cut

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.

Banking

NAB may now pass on full cuts

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.

Banking

NAB profits jump, dividend rises

Clancy Yeates NAB reports a jump in first -half profit and boosts dividend payments to shareholders.