Clancy Yeates

Clancy Yeates

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

Economy

Advance Australia fair? Maybe not

Clancy Yeates Lots of national myths get bandied about on Australia Day, and a common one is that we are a fairly classless society.

Banking

Corporate reputations 'at risk' in emerging markets, experts say

banking.

Clancy Yeates Australian companies warned they face a growing risk as they push into developing countries.

Senate inquiry

ANZ warns of super real estate risks

ANZ.

Clancy Yeates ANZ urges corporate regulator to be aware of looming risks in property market, highlighting potential dangers of geared real estate investment by self-managed super funds.

Credit

NAB sweetens personal loan, credit card offers in bid to boost consumer lending share

nab

Clancy Yeates National Australia Bank is making a push to increase its share in consumer lending, cutting interest rates on personal loans and launching a new offer to woo more credit card customers.

Banking

Australian banks still overpriced, says Goldman Sachs

Big four banks

Clancy Yeates Valuations of most of the big four Australian banks remain ‘‘stretched’’, investment bank Goldman Sachs says.

Banking

Small lenders take bigger share of fixed rate mortgage market

Mortgage application.

Clancy Yeates Smaller lenders are making an aggressive push into the market for fixed-rate home loans, pinching a significant number of new customers from the big four last year.

Regulation

A bank too big to fail is too big a risk

Big four banks

Clancy Yeates The sheer size of Australia's banks is shaping up as one of the more interesting issues facing this year's inquiry into the financial system.

Credit

Regulatory tricks, to their credit, in our interest

Online shopping

Clancy Yeates Figures show the average credit card balance fell by the largest proportion on record.

Banks' dividend growth cops a buffering

Clancy Yeates Australia's big banks could face headwinds in sustaining their strong rates of dividend growth, as a result of new rules requiring them to hold billions of dollars more in capital.

Regulation

Watchdog clamp on UBS trades

Clancy Yeates The Australian arm of UBS has been forced to review internal processes and put $1 million towards financial literacy after some staff tried to manipulate a key local interest rate.

Regulation

UBS hit over interest rate rigging

UBS logo.

Clancy Yeates The Australian arm of UBS has been forced to review internal processes and will put $1 million towards financial literacy after some of its staff tried to manipulate a key local interest rate.

Banks

Dividends may be hit as APRA changes capital rules for 'too big to fail' banks

The big four banks of Australia.

Clancy Yeates Australia’s big four banks will be forced to set aside billions more in capital to meet new rules designed to make them more resilient and less of a risk to the financial system.

Finance

Murray inquiry puts Australia's future finances under the microscope

Financial Maze.

Clancy Yeates It has been 17 years since the last financial system inquiry, but former Westpac chief Bob Joss still remembers parts of it ''vividly''.

Banks

Investors urge NAB’s Michael Chaney to fight Tony Abbott's 'thought bubble' parental leave policy

NAB logo

Clancy Yeates NAB chairman Michael Chaney has been urged to fight the Coalition’s $5.5-billion-a-year paid parental leave on behalf of shareholders.

NAB business banking head upbeat about the economy in 2014

Joseph Healy.

Clancy Yeates National Australia Bank's head of business banking has painted an upbeat picture of the economy in 2014, saying there are growing signs clients will lift their borrowing as the global outlook...

Acquisitions

IAG buys Wesfarmers' insurance businesses

IAG

Clancy Yeates Insurance Australia Group is making an aggressive move to become the country's biggest provider of commercial and motor insurance, snapping up Wesfarmers' underwriting businesses for $1.85 billion.

Insurance

IAG waiting for green light on Wesfarmers deal

insurance

Clancy Yeates Insurance Australia Group is betting regulators will allow it to snap up Wesfarmers insurance arm for $1.85 billion, despite the deal increasing concentration in the motor insurance market.

Banking

Regional lenders call for financial inquiry to tackle big bank dominance

BANK OF QUEENSLAND 00062860 AFR PHOTOGRAPH BY GLENN HUNT 19 MARCH 2007.  GENERIC-Bank of queensland  AFR FIRST USE ONLY SPECIALX 00062860

Clancy Yeates Smaller banks say probe presents a rare chance to level the playing field.

Finance

Westpac CEO and chairman back Reserve Bank's push to lower dollar

MELBOURNE ,AUSTRALIA- 13 DECEMBER  2013: Photo of Westpac chairman Lindsay Maxted and CEO Gail Kelly during the banks AGM meeting in Melbourne on Friday 13 December 2013. AFR / LUIS ENRIQUE ASCUI MELBOURNE ,AUSTRALIA- 13 DECEMBER  2013: Photo of Westpac chairman Lindsay Maxted and CEO Gail Kelly during the banks AGM meeting in Melbourne on Friday 13 December 2013. AFR / LUIS ENRIQUE ASCUI

Clancy Yeates, Madeleine Heffernan Gail Kelly backs Glenn Stevens' campaign to talk down the Australian dollar.

Banking

Westpac: Lower dollar is helping

Lindsay Maxsted

Clancy Yeates Westpac chairman says weaker $A has hepled lift confidence across the economy.