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.

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