Clancy Yeates

Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.

Andrew Thorburn, chief executive officer of National Australia Bank, speaks at a parliamentary hearing.

NAB cautions on apartment glut

National Australia Bank has highlighted risk of an apartment glut in parts of inner Sydney and Melbourne, as a separate survey suggested hundreds of thousands of indebted Australians had not equity in their properties.