Clancy Yeates

Clancy Yeates

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


Business confidence to lift borrowing, says ANZ


Clancy Yeates ANZ Bank says higher business confidence is finally prompting firms to increase their borrowing, a trend it expects to strengthen in 2014.


ANZ review after glitch forces $70m in home loan refunds


Clancy Yeates ANZ Bank is conducting a sweeping review all of its home loan, savings and small business accounts to ensure they are operating correctly, after a major glitch forced it to refund $70 million to...


Australian banks rush to lend $28.7 billion to Chinese borrowers


Clancy Yeates Australian banks' lending to Chinese borrowers has soared by 75 per cent in a year, as the industry rushes to lift its exposure to Asia's powerhouse economy.


NAB reports a loosening of the purse strings on credit cards


Clancy Yeates Households set to borrow more on credit cards, NAB's top retail banker has predicted.


Advance Australia fair? Maybe not

Clancy Yeates dinkus

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


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


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


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.


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


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.


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.


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.


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.


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.


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.


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.


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.


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''.


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...


IAG buys Wesfarmers' insurance businesses


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.