Clancy Yeates

Clancy Yeates

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

Investors spurn cash in hunt for dividends

Clancy Yeates Analysts say the Australian Reserve Bank will influence much of the coming year.

Canberra bid to bolster corporate bond market

banking.

Clancy Yeates Small investors a step closer to being able to easily lend their savings to blue-chip companies.

Dollar rises on back of China trade boom

docks

Clancy Yeates The Australian dollar jumped more than half a cent after a surge in Chinese trade.

Bank staff funds top super list

Golden egg

Clancy Yeates Retirement funds for staff at Goldman Sachs and the Commonwealth Bank have topped an official list of the nation's best-performing super funds, as non-profit and in-house corporate funds maintain...

Bank-owned super funds the biggest losers

Superannuation.

Clancy Yeates Retirement funds for government workers posted the best returns in the latest financial year, while super funds owned by banks and wealth managers lost money in the 12 months to June, official...

Trade deficit blows out as mining cools

shipping

Clancy Yeates Australia has posted its biggest trade deficit since before the global financial crisis.

Lenders get reprieve on liquidity rules

Clancy Yeates A backdown by global regulators could support Australian bank profit margins.

Softer global regulations ease pressure on local banks

regulation

Clancy Yeates Australian banks could find it easier to meet new liquidity standards, the industry’s peak body says, after a global regulatory body softened rules requiring banks to build up cash buffers.

Clancy Yeates

Job shifts can leave a worker at a loose end

Clancy Yeates

Clancy Yeates Work is something many of us try to forget at this time of year. But when it comes to the economy, job prospects seem to have been weighing on people's minds recently.

Experts call for increase in GST

Generic GST.

Clancy Yeates Economists have one key wish when it comes to tax reform.

Job squeeze in tough year

Consumer confidence is up.

Clancy Yeates Australia is facing a tough year, forcing unemployment back to global financial crisis levels.

Jobless rate tipped to rise as mining boom loses steam

mining

Clancy Yeates AUSTRALIA'S economic growth will slow to well below its long-term average in the coming year, pushing up unemployment to levels not seen since the global financial crisis, leading economists predict.

Market and dollar jump, but cliff reckoning ahead

Mark Thirlwell

Clancy Yeates THE Australian sharemarket has surged to a level not seen since mid-2011 as global markets welcomed the last-ditch deal that means the United States will avoid savage budget cuts that threatened to...

Fund managers' pay under scrutiny

Fund managers soaring.

Clancy Yeates Executive pay in retirement funds owned by banks and wealth managers will come under growing scrutiny this year, as new figures show not-for-profit funds shell out between $290,000 and $800,000 a...

ANZ stares down criticism of $10m Smith pay deal

MIKE SMITH

Clancy Yeates Mike Smith, the country's highest-paid banker, is the latest boss to face shareholder dissent.

'Anemic' global recovery takes local toll: ANZ

ANZ

Clancy Yeates ANZ says the environment facing the bank in 2013 will remain ‘‘challenging’’ as the mining boom reaches its peak and despite recent positive signs in China and the US.

Shareholders back pay for ANZ's Smith

One of Australia's most senior banking figures has taken a veiled swipe at Tony Abbott.

Clancy Yeates ANZ Bank chairman John Morschel has been forced to fend off shareholder criticism of the $10.1 million pay packet granted to chief executive Mike Smith, saying the bank risks losing Mr Smith if it...

$26.5b a year into self-managed funds

Bill Shorten

Clancy Yeates The rapidly expanding sector puts pressure on the rest of the retirement savings industry.

Big four buy back billions in borrowings

Big Four Banks.

Clancy Yeates Banks are exploiting better conditions on global funding markets to buy back billions.

OECD presses for rise in GST rate, broader mining tax

coal.

Clancy Yeates The OECD urges the government to consider raising the GST and widening the mining tax.