HSBC Sells $25bn Australia Loan Book to Blackstone
UKPulse Money Desk
HSBC has sold its $25 billion Australian loan book to Blackstone, marking a further step in the bank's global restructuring efforts.
- HSBC sold its Australian loan book, valued at $25 billion, to Blackstone.
- The mortgage transfer is part of a global overhaul for HSBC.
HSBC has completed the sale of its Australian loan book, worth $25 billion, to investment firm Blackstone. This move represents the latest development in a broader global overhaul for Europe's largest lender.
The transfer of the mortgage assets is a strategic step as HSBC continues to restructure its international operations.