Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.
Clancy Yeates Councils that lost millions through Lehman Brothers suffer a major setback.
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.
Clancy Yeates Big banks have passed on rate rises in less than half the time it takes them to deliver cuts.
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.
Clancy Yeates Credit card interest rates are at a 53 year low. Personal finance writer, John Collett explains.
Clancy Yeates ANZ and Macquarie have been implicated in an interest-rate rigging scandal in Singapore.
Clancy Yeates What do former Miss Universe Jennifer Hawkins and TV gardener Jamie Durie have in common?
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.
Clancy Yeates Big Australian banks have backed a ''social benefit bond'' for the first time to help social services.
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.
Clancy Yeates Suncorp is still tipped to reward shareholders with a special dividend later this year.
Clancy Yeates Suncorp has sold $1.6 billion worth of troubled property loans from its ‘‘bad bank’’ to Goldman Sachs.
Clancy Yeates The lender's recent growth in home loans is passing the other big banks.
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.
Clancy Yeates Mobile banking still accounts for less than 10 per cent of the value of digital transactions.
Clancy Yeates The banking regulator has rejected industry claims it is racing ahead of the world to implement rules designed to make lenders safer.
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.
Clancy Yeates Westpac could cut mortgage rates to prevent rivals taking a share of the home loan market.
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.
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...