Clancy Yeates
Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Finance
Lehman's US arm pulls plug
Clancy Yeates Councils that lost millions through Lehman Brothers suffer a major setback.
Legal
Lehman Brothers blocks settlement deal
Clancy Yeates A proposal to return $210 million to Australian clients of Lehman Brothers has hit a snag, after the failed investment bank’s US arm blocked the plan at the last minute.
Banking
Lenders slow to pass on rate cuts
Clancy Yeates Big banks have passed on rate rises in less than half the time it takes them to deliver cuts.
Rates
Banks raise rates in haste, cut at leisure: report
Clancy Yeates Big banks have passed on official interest rate rises to their customers in less than half the time it takes them to deliver rate cuts, new figures show.
How the plastic can work for you
Clancy Yeates Credit card interest rates are at a 53 year low. Personal finance writer, John Collett explains.
Banking
ANZ, Macquarie named by Singapore in rate-rigging scandal
Clancy Yeates ANZ and Macquarie have been implicated in an interest-rate rigging scandal in Singapore.
Clancy Yeates
Dangers of falling for a pretty face
Clancy Yeates What do former Miss Universe Jennifer Hawkins and TV gardener Jamie Durie have in common?
Banks
ANZ, Macquarie rapped in Singapore rate probe
Clancy Yeates ANZ Bank and Macquarie have been implicated in an interest rate rigging scandal in Singapore, forcing each of them to set aside extra capital.
Charity
Lenders back bond to keep children out of foster care
Clancy Yeates Big Australian banks have backed a ''social benefit bond'' for the first time to help social services.
Housing
Banks battle on fixed rate mortgages
Clancy Yeates Banks are stepping up their attempts to reignite the mortgage market through fixed-rate home loans, with HSBC cutting rates on two-year fixed loans for new business to a record low.
Banking
Suncorp sells off 'bad loans'
Clancy Yeates Suncorp is still tipped to reward shareholders with a special dividend later this year.
Shareholders
Suncorp to increase dividends
Clancy Yeates Suncorp has sold $1.6 billion worth of troubled property loans from its ‘‘bad bank’’ to Goldman Sachs.
Banking
Bold measures paying off for ANZ
Clancy Yeates The lender's recent growth in home loans is passing the other big banks.
Payments
Consumers slow to embrace mobile banking
Clancy Yeates Mobile banking still accounts for less than 10 per cent of the value of digital transactions, despite the rapid growth in customers managing their finances on the go.
Banking
Business tipped to be more mobile
Clancy Yeates Mobile banking still accounts for less than 10 per cent of the value of digital transactions.
Liquidity
Banks angry at 'rush' to regulate
Clancy Yeates The banking regulator has rejected industry claims it is racing ahead of the world to implement rules designed to make lenders safer.
Banking
New liquidity rules a safe bet: APRA
Clancy Yeates The banking regulator has bluntly rejected industry claims it is racing ahead of the world to implement rules designed to make lenders safer during times of financial stress.
Home loans
Banks jostle over mortgage market
Clancy Yeates Westpac could cut mortgage rates to prevent rivals taking a share of the home loan market.
Debt
Moody's mulls over Aussie bank bond ratings
Clancy Yeates Moody’s will consider downgrading its credit ratings on subordinated debt issued by the Australian banks, as global regulators take a tougher line on bondholders in distressed banks.
Banking
Credit unions cautious when it comes to banks
Clancy Yeates A government push to bolster the appeal of customer-owned lenders has received moderate support from the industry, with less than half of the eligible credit unions taking up an offer to call...
