Clancy Yeates

Clancy Yeates

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

Banks pass on interest rate cut in full

Clancy Yeates Banks have rushed to pass on the official interest rate cut to their home loan customers in full, as lenders try to tempt debt-shy consumers into borrowing more.

Interest rates

Banks hurry to pass on latest cuts in full

big four banks

Clancy Yeates Banks have rushed to pass on the official interest rate cut to their home loan customers in full.

Economy

Banks pass on full rate cut

Big Four Banks

Clancy Yeates Banks have rushed to pass on the official interest rate cut to their home loan customers in full, as lenders try to tempt debt-shy consumers into borrowing more.

Regulation

Banking regulator takes the tough line over liquidity rules

Generic APRA logo.

Clancy Yeates Australia's banking regulator resists industry pressure to delay liquidity reforms.

Banking

Name change part of bank's market bid

Generic bank.

Clancy Yeates Beirut Hellenic Bank seeks to broaden its appeal by changing its name to Bank of Sydney.

Finance

Lebanese bank hopes name change a game changer

Clancy Yeates Beirut Hellenic Bank is seeking to broaden its appeal by changing its name to Bank of Sydney, in the latest attempt by a bank to adopt a more local identity.

Banks

Regulator talks tough on new rules

APRA is pushing ahead early with new global measures to help banks to weather economic or financial shocks.

Clancy Yeates The banking regulator will not delay planned reforms to coincide with the rest of the world.

Banks

Record spoils shared with investors

Promotional material from Australian banks, the Commonwealth Bank of Australia, clockwise from right, Westpac Banking Corp., National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. (ANZ), are arranged for a photograph in Sydney, Australia, on Tuesday, Feb. 7, 2012.

Clancy Yeates and Philip Wen Australian banks this week rewarded shareholders with a round of bumper dividends, suggesting the financial sector is dodging the gloom gripping other parts of the economy.

Clancy Yeates

Macquarie quizzed on dividends

Clancy Yeates

Clancy Yeates Macquarie Group's bumper dividend and profit performance raises a key question: is the home-grown investment bank on the path back to its former glory?

Banks

Shareholders to savour reward as profits climb

Macquarie bank.

Clancy Yeates Macquarie Group has joined the rush to reward shareholders with super-sized dividends, as cost cutting and better market conditions drive the investment bank's first rise in full-year profit in three...

Big Mac far from former glory

Clancy Yeates Macquarie's stock is trading at three-year highs, but the bumper result does not mean the boom times have returned.

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Earnings

MacBank shares surge on profit result

The Macquarie Group

Clancy Yeates The Macquarie Group has reported a net profit of $851 million for the year to March 31.

Banking

Macquarie broking arm faces music

Macquarie logo.

Clancy Yeates While structural shifts take a toll on Macquarie, analysts expect to see signs of improvement on Friday.

Banks

To bubble or not to bubble

Bubble close to bursting.

Clancy Yeates The surge in the big four banks’ share prices has unleashed a debate over whether the sector has entered bubble territory.

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Banks

Focus on Bendigo after investor dumps BoQ stake

Bendigo Bank

Clancy Yeates Bendigo and Adelaide Bank is in focus after a key shareholde dumped its $350 million stake in fellow regional lender Bank of Queensland.

Yield

Hopes rise for higher bank dividends

colour cartoon / illustration / illo / toon 
Investment property properties housing assets mortgages profits yield dividends house hedge funds fund photo illustration generic.
AFR SMART MONEY Illo by SUZANNE WHITE
(NO CAPTION INFORMATION PROVIDED)

Clancy Yeates ANZ’s move to ramp up its dividend payments has sparked predictions that other lenders will follow suit and return a bigger slice of profits to shareholders.

Taxation

Cut tax to stimulate economy: ANZ chief

Mike Smith.

Clancy Yeates ANZ chief Mike Smith urges the government to resist raising taxes to boost the budget.

Banking

ANZ surges on profits payout

ANZ logo.

Clancy Yeates ANZ Bank shares have surged to a record high after it vowed to give shareholders a bigger slice of future profits, raising investor hopes of even stronger returns across the sector.

Banking

ANZ boss recommends lowering taxes

Mike Smith.

Clancy Yeates ANZ Bank chief executive Mike Smith has warned the government against raising taxes to strengthen the budget bottom line, instead suggesting it use spending cuts and lower taxes to stimulate economic...

Banks

ANZ 'hits the bullseye'

ANZ

Clancy Yeates ANZ surprises with a higher than expected payout as profit swells thanks to lower charges for bad loans and a strong international showing.