Clancy Yeates

Clancy Yeates

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


Europe's negative rates a plus for Australian banks

Clancy Yeates Australian banks are tipped to benefit from the shift to of negative interest rates in Europe, as the historic move drives more investors towards the lenders' bonds, dragging down funding costs.


New ANZ India presence expands Asia strategy


Clancy Yeates ANZ Bank is lifting its presence in the fast-growing Indian market


RBA says no need for high-risk lending rules

Luci Ellis

Clancy Yeates A senior Reserve Bank official has signalled the central bank remains unconvinced by the case for rules to rein in higher-risk lending in Australia's housing market.


Big mortgage, big discount: Major interest rate cuts on offer as competition for best borrowers heats up

REAL ESTATE AFR 050508 PHOTO BY ROB HOMER ---- real estate fro sale in the western suburbs --- generic property , for sale , real estate , mortgage , investment   AFR FIRST USE ONLY

Clancy Yeates Banks are granting deeper discounts to customers who take out big mortgages, with some lenders offering the biggest reductions in advertised rates since before the global financial crisis.


After mining, banks divert nearly all lending to finance property

Low interest rates have helped to funnel tens of billions of dollars in debt into property

Clancy Yeates Some 95 per cent of the extra credit extended by banks since mid-2012 has financed residential or commercial property, according to an analysis that highlights the lopsided nature of the post-mining...


HSBC targets migrants, wealthy in push for mortgage market

Investigation: Senator Carl Levin called  HSBC?s compliance culture 'pervasively polluted for a long time'.

Clancy Yeates Banking giant HSBC aims to double its share of the $1.3 trillion mortgage market within three years.

Foreign buyers claims mostly false, RBA says

Reserve Bank of Australia

Clancy Yeates Foreign investors may be helping to push up the prices of some Australian homes, but are probably not crowding out first home buyers, the Reserve Bank says.

Suncorp aims to cushion rise in rates

The urban sprawl continues.

Clancy Yeates Suncorp Bank is making a long-term shift away from lending to customers with small deposits, which it hopes will limit the impact of an inevitable rise in interest rates.


Low deposit mortgages at two-year high

Deal to the mortgage.

Clancy Yeates Banks are lending more to higher-risk home buyers with deposits of less than 20 per cent.


Watchdog sounds warning on risky home loans

FINSA.AFR.18 SEPTEMBER 2013.Photo by ROB HOMER ........ JOHN LAKER chairman of APRA speaking at the financial services institute of australasia conference at the four seasons hotel in sydney today.

Jacob Greber and Clancy Yeates Regulator says debt-fuelled rise in prices threatens to create complacency in banks.


Banks warned over mortgage risks

For sale.

Clancy Yeates Banks are increasingly engaging in higher-risk mortgage lending, prompting a warning from regulators that the good times might not last

Fixed mortgage rates expected to stay at historic lows

Clancy Yeates Fixed mortgage rates look set to stay at historic lows for at least the next few months, as banks try to pinch each other's customers and investors bet the Reserve Bank will leave official rates on...


Boost for ANZ's Thai banking plan despite coup

A demonstrator holds a sign as she stands next to a picture of Thailand King Bhumibol

Clancy Yeates ANZ Bank's plans to break into Thailand's economy received a boost after receiving permission to establish a subsidiary in the troubled nation.


Fixed-rate mortgages gather momentum as official rates set to stay on hold

House and cash.

Clancy Yeates Fixed mortgage rates look set to stay at historic lows for at least the next few months.


Covered bonds soar as big banks look overseas for funds

NAB signs

Clancy Yeates Australian banks are increasingly turning to overseas investors to raise low-cost funding through covered bonds, as lenders look to exploit benign conditions on global credit markets.


Parliamentary inquiry set to question APRA aggression


Clancy Yeates The Australian Prudential Regulation Authority faces renewed questions over whether it is moving too aggressively in implementing global capital rules, as part of a new inquiry focusing on the...


Super funds on track for another bumper year

Clancy Yeates Superannuation funds are on track to deliver returns of more than 10 per cent for the second financial year in a row, as retirement savings are propelled higher by a global surge in shares.


Scottish secession vote is NAB's great unknown

Clancy Yeates Just as NAB's British business is starting to stage signs of recovery, shareholders face another source of uncertainty: a Scottish independence vote.

Borrowers' lack of mortgage buffer could spell trouble

Aussies aren't as far ahead on their mortgages as is commonly believed.

Clancy Yeates Australians aren't as far ahead on their mortgages as is commonly believed, meaning one safety buffer the RBA says will protect home owners against an economic downturn is smaller than many think.


Mortgage safety buffer 'surprisingly low'

Mortgage loan agreement

Clancy Yeates One of the safety buffers the RBA says will protect homeowners against an economic downturn is smaller than many think.