Friday, 31 July 2026 · Europe
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EUROPES The European Report
European Edition Friday, 31 July 2026
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Economy & Money

HSBC to pull out of Australian retail banking market

Business | The Guardian UK 31 July 2026, 05:00 UTC 2h ago
HSBC to pull out of Australian retail banking market
Business | The Guardian

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 the 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 ann

This story was reported by Business | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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