If Turnbull wants to really unleash Australia's potential, he should hire Martin Parkinson.
Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Clancy Yeates NAB plans to spin off up to 80 per cent of its underperforming Clydesdale Bank to shareholders by the end of the year, and sell the remainder to big investors, in a sharemarket float.
Clancy Yeates Higher share trading volumes helped the country's biggest online broking firm, CommSec, deliver a $77 million in profit and solid revenue growth.
Clancy Yeates Australian financial services companies are being urged to put less emphasis on trying to sell as many products as possible, and instead focus on gaining customers' trust.
Clancy Yeates ANZ Bank economists expect the Reserve Bank to cut official interest rates to a new record low of 1.5 per cent next year.
Clancy Yeates Banks have trimmed the number of branches in the past year, as customers embrace digital banking and lenders face pressure to cut costs.
Clancy Yeates and Carolyn Cummins Banks have trimmed the number of physical branches in the past year, and further closures are expected as customers embrace digital banking and lenders try to cut costs.
Clancy Yeates A senior Treasury official argues banks are able to charge higher interest rates because competition is focused more on rewards programs or balance transfer offers.
Clancy Yeates Some lenders have slashed advertised interest rates by twice as much as the RBA in the past year, new figures show.
Clancy Yeates The four major banks will be forced to cut dividends within three years, Citi analysts predict, citing a likely deterioration charges for bad loans.
Clancy Yeates Would you trust a computer to have your best financial interests at heart?
Clancy Yeates NAB is trying to lure new mortgage customers with frequent flyer points, as banks roll out the perks for owner-occupier borrowers.
Clancy Yeates Westpac chief Brian Hartzer is predicting a long-lasting "services boom" that will help make up for the resources slump.
Clancy Yeates ANZ Bank has been hit hardest by the plunge in major bank share prices this year, as investors fret over its exposure to a slowing economy in China.
Jonathan Shapiro and Clancy Yeates As the US Federal Reserve weighs raising rates this week, RBA assistant governor Guy Debelle has a message to skittish bond traders who complain their market has become a dangerous and illiquid...
Clancy Yeates Australia's longest-serving chief executive of a major bank, ANZ's Mike Smith, expects to hang up his boots as head of the Asia-focused lender within a year.
Clancy Yeates National Australia Bank remains intent on floating Clydesdale Bank despite the market volatility that has hammered bank share prices, telling investors there is significant scope to lift returns in...
Clancy Yeates and Shaun Drummond ANZ Bank chief executive Mike Smith says he is hoping for a period of greater stability and improved business confidence after Malcolm Turnbull's toppling of Tony Abbott.
Clancy Yeates The corporate watchdog has responded to concerns about banks' treatment of small business customers.
Clancy Yeates What's behind these uncharacteristic moves from the big banks? Normally, the banks are loath to publicly discuss their stance on individual projects.
Clancy Yeates Mum and dad investors blow raspberry at Australia's biggest bank.