Business

Clancy Yeates

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

The bank said the cut would benefit 80 per cent of its owner-occupier customers, who were paying principal and interest.

ANZ, Suncorp target investors with rate hike

ANZ Bank is hiking interest rates on interest-only home loans by 0.3 percentage points, but at the same time cut rates for customers who are paying principal and interest.

Westpac said is welcomed the ban imposed on its former planner.

Former Westpac planner cops five-year ban

A former Westpac financial planner has been slapped with a five-year ban after it was revealed 177 clients had been charged fees without receiving all the services they had paid for.

Opportunities: National Australia Bank chairman Ken Henry and NAB CEO Andrew Thorburn.

NAB sees 'extraordinary' opportunity in regions

National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.

The bank says new features on its app will tell customers what exchange rate they will get if they pay on their Visa ...

NAB to reveal realtime currency costs to travellers

National Australia Bank will advise customers who are overseas on the Aussie dollar cost of making purchases in foreign currency, including fees, as banks try to design apps that can adapt to what their clients are doing.