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Clancy Yeates

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

Commonwealth Bank has been expanding quickly in the housing investor market, where bank growth is capped at 10 per cent year.

CBA puts brakes on housing investor lending

The Commonwealth Bank is freezing new lending to property investors looking to switch banks and refinance their mortgage, a move designed to slow strong growth in its lending to landlords.

Genworth CEO, Georgette Nicholas, said the company faced "challenging market dynamics".

Genworth shares slump on soft outlook

Genworth Mortgage Insurance Australia expects a further decline in its premium revenue as it feels the pinch of rising mortgage stress and contracts with key customers come up for renewal.

Is it time for our financial watchdogs to consider turning up the dial once more?

Is it time to crack down on property investors, again?

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How the regulators respond to the latest investor loan boom is shaping up as the more interesting questions in domestic banking this year – which could have a big impact on the broader real estate market.

NAB overcharged 220,000 corporate superannuation accounts a combined $34.7 million, ASIC said.

Banks forced to repay customers $41 million

National Australia Bank has been forced to pay $36.5 million in compensation after the regulator revealed it had ripped off hundreds of thousands of superannuation members and knocked back insurance claims to seriously ill customers.

NAB overcharged 220,000 corporate superannuation accounts a combined $34.7 million, ASIC said.

Banks forced to repay customers $41m

National Australia Bank's wealth arm has been forced to compensate customers $36.5 million, after wrongly charging fees to superannuation customers and incorrectly assessing insurance claims.