London-based company to sell local loan portfolio to Blackstone, but will continue private and institutional banking services
Follow our Australia news live blog for latest updates
Get our breaking news email, free app or daily news podcast
The London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to global asset giant Blackstone.
The transaction will end HSBC’s decades-long retail presence in Australia, although it will continue to operate private and institutional banking services, the company said on Friday.
Continue reading…
Source link : https://www.theguardian.com/business/2026/jul/31/hsbc-bank-australia-closing-branches-blackstone-sale
Author : Jonathan Barrett Business editor
Publish date : 2026-07-31 05:00:00
Copyright for syndicated content belongs to the linked Source.
