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Clancy Yeates

Clancy Yeates

Clancy Yeates is deputy business editor. He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau.

Australia is passing on a huge amount of debt to future generations.

Our $1 trillion debt doesn’t scare markets – but it still has a cost

Markets appear unfussed about a looming milestone for public debt. Should taxpayers be a bit more concerned about it?

  • Clancy Yeates

Latest

The banks face weaker growth in their biggest market: mortgages.

The banks’ rivers of gold are facing another blow

On top of a weakening economy and an energy crisis, banking giants now face a softer market in their most important type of lending: mortgages.

  • Clancy Yeates
The budget in charts.

How exactly is your money being spent? Five charts that really explain the budget

Here are the charts that tell you the budget’s outlook for households and the economy.

  • Clancy Yeates and Craig Butt
US President Donald Trump during a Mother’s Day luncheon at the White House on Friday.

The pain of Trump’s war could get even worse

Even if Donald Trump is able to strike a lasting peace deal – a big if – the impacts of the war will be felt long into the future.

  • Clancy Yeates
ASIC chairman Joe Longo.

ASIC was dubbed a ‘watchdog with no teeth’. Has Joe Longo changed it?

The outgoing chair of ASIC says he’s made the regulator more ambitious, pointing to more penalties it has extracted and more investigations launched.

  • Clancy Yeates
Shemara Wikramanayake, chief executive officer of Macquarie Group.

The $35 million Macquarie man who out-earned his own CEO

Macquarie Bank chief Shemara Wikramanayake took home $26.5 million, but she wasn’t even the highest-paid executive at the company.

  • Clancy Yeates
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Westpac CEO Anthony Miller.

Westpac raises buffers for bad loans as it braces for slowdown

The banking giant is preparing for a softer economy and disruption from the energy crisis caused by the war in the Middle East.

  • Clancy Yeates
Banks have long been targeted by cybercriminals, and AI is raising that risk.

The AI craze is a double-edged sword for our banking giants

Bankers’ enthusiasm for AI has lately been drowned out by the warnings about the growing risk of turbocharged cyberattacks.

  • Clancy Yeates
ANZ CEO Nuno Matos said small business lending was “the hottest part of the market”.

‘This crisis is still at the beginning’: ANZ boss sends Iran war warning

As ANZ delivered a $3.8 billion profit, chief executive Nuno Matos has sounded a warning over the risks that would arise from a prolonged conflict in the Middle East.

  • Clancy Yeates
Little panic buying going on since the start of the Iran War.

Coles and Woolies need to eat some of the food price rise pain

Rising food prices are generally good news for supermarket profits. But there are good reasons why the two giants should absorb some of the food inflation.

  • Clancy Yeates