HSBC Exits Australian Mortgages With $25 Billion Blackstone Sale
Europe's largest bank unloads its entire home loan book Down Under at a minimal loss, marking its latest retreat from retail banking outside Asia
Every BriefAsia story tagged Australia, newest first.

Europe's largest bank unloads its entire home loan book Down Under at a minimal loss, marking its latest retreat from retail banking outside Asia

The UK lender continues its Asia-Pacific simplification drive, offloading its mortgage book in what Blackstone calls the largest home loan portfolio transaction worldwide.

The London-based lender accelerates its retail retreat as CEO Georges Elhedery refocuses capital on institutional banking and higher-margin markets across Asia-Pacific.

Australia's communications watchdog is pursuing penalties after more than 1,000 alleged breaches during a 2025 emergency services outage that left two people without critical help

Singapore's largest telco seeks strategic partner for troubled Australian subsidiary following cyber breach and network outage

Singtel explores partnership options for Australian unit while asset manager reports mixed earnings amid strategic pivot

Sydney and Melbourne prices drop 5% as rate hikes and tax policy shift trigger retreat among buyers and investors

Canberra and Western Australia will fund a feasibility study for the nation's first new crude processing facility since the 1960s, aiming to reduce reliance on foreign fuel amid regional supply shocks.

Australia's trade minister calls levies inconsistent with bilateral free trade agreement and demands their withdrawal

New legislation targets firms with revenue above AUD 100 million, weeks after Washington threatened trade tariffs over forced labor imports

Pure Battery Technologies targets upstream nickel supply chain gap with first domestic facility for high-value cathode materials

Employment gains slowed sharply in May while trend unemployment reached a four-year peak, signaling a gradual labor market correction as the Reserve Bank weighs its next move.