@clancyyeates

Business reporter covering banks for the @SMH & @theage

Joined May 2009
  • Tweets1.1K
  • Following1.2K
  • Followers4.1K
48Media
‘Data is the new coal’: Cyber insurance costs climb as hackers run riot smh.com.au/business/banking-…

‘Data is the new coal’: Cyber insurance costs climb as hackers run riot

Spending on cyber insurance could surge to more than $800 million in the next two years, as Optus, Medibank hacks put businesses on notice.

smh.com.au
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‘A gift to Telstra’: Cyberattack to hit Optus’ reputation | @clancyyeates smh.com.au/business/companie…

‘A gift to Telstra’: Cyberattack to hit Optus’ reputation

The massive data breach at Optus is likely to inflict damage on the company’s reputation and cost it customers and investors, analysts warn.

smh.com.au
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Clancy Yeates retweeted
The Age
@theage5 Sep 2022
Investors are primed for another jump in bank profit margins as the Reserve Bank prepares to jack up interest rates again. | By Clancy Yeates #interestrates #economy @clancyyeates theage.com.au/business/banki…

‘Sugar hit’: Banks benefit as savings rate rises lag mortgages

Investors are primed for another jump in bank profit margins as the Reserve Bank prepares to jack up interest rates again.

theage.com.au
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Bill Browder: Putin’s ‘number one foreign enemy’ to address Aussie finance event smh.com.au/business/banking-…

‘Putin’s number one foreign enemy’ to address Aussie finance event

A financier and political activist who is viewed as a key enemy of Russia’s government will address Australian investors at the Sohn Hearts and Minds conference.

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Clancy Yeates retweeted
The Age
@theage1 Jul 2022
"Where do you rule the line?” The push to regulate the wild world of cryptocurrencies is raising all sorts of curly questions for policymakers. | OPINION by @clancyyeates theage.com.au/business/banki…

Bitcoin’s big bet: Is crypto trading basically gambling?

There are many curly questions confronting policymakers as they try to figure out how on earth to regulate the wild world of cryptocurrencies.

theage.com.au
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Clancy Yeates retweeted
The Age
@theage21 Jun 2022
Some have argued the episode dented the RBA’s credibility, and the central bank today said this was an “open question,” arguing other central banks had also underestimated the strength of the economic recovery @clancyyeates theage.com.au/business/banki…

RBA suffered ‘reputational damage’ from messy COVID policy exit

The RBA’s move last year to dump a policy it introduced to shield the economy during the depths of the COVID-19 pandemic led to market dislocation and damaged the central bank’s reputation.

theage.com.au
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‘No frills’ home loans new bank battleground | @clancyyeates smh.com.au/money/borrowing/n…

‘No frills’ home loans new bank battleground

Banks are trying to lure new customers with mortgages that lack key features, but have lower interest rates. Are these products a good deal?

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The Commonwealth Bank has passed on the full value of the Reserve Bank’s increase in interest rates to mortgage customers as the era of ultra-cheap home loans comes to an end | @clancyyeates smh.com.au/business/banking-…

NAB joins CBA, ANZ, Westpac in matching RBA’s rise in interest rates

NAB has joined the rest of the big four banks in passing on the full value of the Reserve Bank’s increase in interest rates to borrowers, as the era of ultra-cheap mortgages comes to an end.

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‘Proceed with care’: APRA urges bank caution on crypto | @clancyyeates smh.com.au/business/banking-…

‘Proceed with care’: APRA urges bank caution on crypto

APRA chairman Wayne Byres says the regulator wants safety, but that doesn’t mean protecting incumbent banks from new business models.

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The only way is up: Markets bet on a hefty rise in interest rates smh.com.au/money/borrowing/t…

The only way is up: Markets bet on a hefty rise in interest rates

The recent move up in US interest rates has prompted traders to punt that the RBA will need to lift borrowing costs sharply in the next two years.

smh.com.au
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Choice to work from home will be ‘front and centre’ in bank talks: union smh.com.au/business/banking-…

Choice to work from home will be ‘front and centre’ in bank talks: union

The Finance Sector Union says it will demand bank staff have the right to request work-from-home arrangements when it re-negotiates enterprise agreements.

smh.com.au
Clancy Yeates retweeted
The Age
@theage15 Mar 2022
Bank lending to highly-indebted home buyers and those with skinny deposits rose in the December quarter as growth remained strong in the $1.9 trillion mortgage market during the lead-up to Christmas @clancyyeates | #ausbiz #property #lending theage.com.au/business/banki…

Banks lift lending to high-risk home buyers as prices ‘skyrocket’

Lending to highly-indebted home buyers and those with skinny deposits rose in the December quarter.

theage.com.au
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Clancy Yeates retweeted
The Age
@theage25 Feb 2022
Russia’s invasion of Ukraine is putting the spotlight on an obscure part of the banking system that could act as a major financial weapon. @clancyyeates explains what SWIFT is and how it could hurt Putin | #Ukraine #sanctions #SWIFT theage.com.au/business/banki…

Some Russian banks will be kicked out of SWIFT. What does it mean for Putin?

Russia’s invasion of Ukraine is putting the spotlight on an obscure part of the banking system that is now being used as a financial weapon.

theage.com.au
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It's estimated Australian lenders stand to make almost $900 million more a year in profit from one hike in official interest rates. smh.com.au/business/banking-…

$900m bonus: Investors bet on bank profits rising from rate hikes

Investors are betting banks will be among the big sharemarket winners from rising inflation and any move by the RBA to hike interest rates.

smh.com.au
Everything from the way Australians buy goods and services to their investment in cryptocurrencies will be overhauled over the next 12 months | @swrighteconomy @clancyyeates smh.com.au/politics/federal/…

From crypto to Afterpay, government plans consumer and business change

The nation’s payment system is rapidly changing in the face of emerging technologies. The Coalition plans sweeping reforms to improve its operation.

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Clancy Yeates retweeted
chrizap@chrizap28 Nov 2021
...There was an argument overseas that a new digital form of central bank money “could be important for safeguarding confidence in national monies and the role of fiat currencies at the heart of monetary, financial and payment systems”. via @clancyyeates smh.com.au/business/banking-…

Central banks turn to a less racy alternative to counter crypto craze

As hype around cryptocurrencies grows, central banks are looking hard at their own alternative: electronic banknotes.

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Australian businesses warn of supply chain crunch, stoking inflation fears | @clancyyeates @zoesam93 smh.com.au/business/companie…

Australian businesses warn of supply chain crunch, stoking inflation fears

Businesses say supply chain problems that are causing widespread shortages and delays are unlikely to be resolved soon.

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Clancy Yeates retweeted
The Age
@theage12 Nov 2021
For all the market excitement about the possibility that interest rates may rise earlier than expected, the bottom line is monetary policy is extremely loose, writes @clancyyeates | OPINION #interestrates #homeloans theage.com.au/business/banki…

RBA wants us a bit more tipsy before it takes the punch bowl away

For all the market excitement about the possibility that interest rates may rise earlier than expected, the bottom line is monetary policy is extremely loose.

theage.com.au
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Clancy Yeates retweeted
The Age
@theage2 Nov 2021
In a major vote of confidence in the long-term potential of cryptocurrencies, the country’s largest bank on Wednesday said it would soon start a pilot program allowing customers to buy, sell and hold 10 crypto assets through its app. | @clancyyeates theage.com.au/business/banki…

CBA targets the young with ‘monumental’ move into cryptocurrencies

Commonwealth Bank is seeking to cement its dominance with young people by allowing customers to trade cryptocurrencies.

theage.com.au
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The country’s two biggest banks, Westpac and CBA, will mandate COVID-19 vaccines for its 75,000 Australian staff | @clancyyeates smh.com.au/business/banking-…

Westpac and CBA will require COVID-19 vaccines for staff

Banking giants Westpac and Commonwealth Bank will require staff in offices and branches to be fully vaccinated for COVID-19.

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