HSBC Holdings has agreed to sell its US$25 billion Australian home loan portfolio to a unit of Blackstone, which is expected to result in an immaterial pre-tax loss of less than US$100 million for the ...

Key points HSBC is closing its retail banking business in Australia The bank's $36 billion loan book has been sold to US private equity giant Blackstone, subject to regulatory approval Non-bank lender ...

* Shares hit all-time peaks in Hong Kong, London (Updates shares, adds London stock moves in paragraph 7) July 31 (Reuters) - HSBC is selling its A$36 billion ($25.30 billion) Australian home and ...

The remainder of HSBC Australia's retail business will be wound down in a phased manner over the next 18 months HSBC Holdings has agreed to sell its US$25 billion Australian home loan portfolio to a ...

(Alliance News) - HSBC Holdings PLC on Friday announced it will sell the Australian home and personal loans portfolio of HSBC Bank Australia to Virgo BidCo Pty Ltd, an entity owned by funds managed by ...

HSBC is ‌selling its A$36bn ($25.30bn) Australian home and personal loan book to global ‌asset manager Blackstone ⁠in the world's largest-ever ‌home loan portfolio transaction. The deal, announced ‌by ...

HSBC said Friday it expects to incur $300 million in restructuring costs and write-offs following its decision to sell its Australian home loans and personal loans portfolio and wind down the ...

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Pepper Money will service HSBC Australia's $36bn loan portfolio, supporting its growth in capital-light business. Pepper Money will manage the ongoing administration of the loans following completion ...