Clancy Yeates
Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Myer to beat GST rule with China site
Clancy Yeates and Eli Greenblat IF YOU cannot beat them, join them. Under threat from overseas websites that allow shoppers to sidestep the GST, the country's biggest department store, Myer, is opening an online retailing business...
Coal seam gas labelled a threat to water supplies
Clancy Yeates THE federal government's chief water adviser says the booming coal seam gas industry could inflict a ''significant, long-term and adverse'' toll on the nation's water supplies if it is not properly...
Regulator does not act as a drag on competition, says APRA
Clancy Yeates THE banking regulator has rejected claims it is holding back competition from second-tier lenders, saying policies allow for new players to enter the market.
Business groups criticise power of big lenders
Clancy Yeates BANKS are under renewed pressure for squeezing business borrowers, with industry groups calling on government to level the playing field in favour of smaller lenders.
Treasurer foresees boost from boom
Clancy Yeates THE Treasurer, Wayne Swan, has left open the door to creating a sovereign wealth fund once the government has paid off its debt, in an effort to boost national saving during the mining boom.
Tax blow for private equity firms
Clancy Yeates FOREIGN private equity raiders have been dealt a blow in their battle with the tax man, after authorities confirmed that any gains from asset sales would be treated as income.
RBA calls big four's bluff on rate rises
Clancy Yeates and Peter Martin THE Reserve Bank has dismissed claims by the big four banks that their costs are climbing faster than the cash rate.
Look to make a buck, says Gillard
Paddy Manning and Clancy Yeates JULIA GILLARD has called on business to help put the case for a carbon price, stressing the commercial opportunities in the transition to a low pollution economy.
Australian debt looks even better
Clancy Yeates EUROPE'S credit crisis could help with Australia's borrowing efforts by alerting investors to the economy's strength, says the departing head of the government's debt management agency.
Building fifth pillar could be a tall order
Clancy Yeates CREATING a ''fifth pillar'' of banking through building societies and credit unions would require small players to almost triple their lending levels within four years, analysts say, raising...
States must absorb shocks, says Henry
Clancy Yeates THE Treasury Secretary, Ken Henry, has called on the states to do their bit in preparing the tax system for shocks that will reshape the economy in decades ahead.
Mining boom back at full throttle as capex surges
Clancy Yeates PLANNED mining and energy investment has soared to a record $132.9 billion after commodity prices rebounded and key resources projects received the green light.
Big four return fire at analysis of cash rate data
Peter Martin and Clancy Yeates THE big banks have struck back at claims they have been fattening their margins, rejecting an analysis of official data that shows their costs climbing more slowly than the Reserve Bank cash rate,...
Banks put the squeeze on business
Clancy Yeates BUSINESS borrowers are being squeezed by the big banks even more than mortgage holders, raising fears the debate over banking competition is ignoring companies' access to credit.
Norris scoffs at Greens' 'Soviet' attempts to restrain the big banks
Clancy Yeates THE head of the country's biggest bank has criticised the Greens' call for the regulation of bank fees, likening it to Soviet-era policies that stripped people of private property rights.
G20 backs tough bank regulations
Clancy Yeates World leaders have endorsed tough new rules to address the threat to the global financial system posed by banks that are 'too big to fail.'
G20 tells world's biggest banks to build their own safety nets
Clancy Yeates WORLD leaders have endorsed tough new rules to address the threat to the global financial system posed by banks that are ''too big to fail''.
Supporter of ASX merger warns of threat to compliance role
Clancy Yeates INSTITUTIONAL investors have warned Canberra that the $8.4 billion planned merger of the stock exchanges of Australia and Singapore may compromise key regulatory functions now carried out by the ASX.
Big four may dodge worst of tougher banking rules
Clancy Yeates THE big Australian banks may be granted a partial reprieve from tough global regulatory standards after last-minute changes to rules designed to avoid a collapse in the world's financial system.
The Aussie did it: how the tax was lost
Clancy Yeates THE federal government has lopped $3 billion off its revenue estimates for the mining tax, reigniting debate over whether the levy will raise as much money as Treasury is banking on.
