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HSBC to pull out of Australian retail banking market

By AIPROPX Editorial Desk · Published Jul 31, 5:00 AM UTC · Updated Jul 31, 5:00 AM UTC

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Full reportvia The Guardian · Jul 31, 5:00 AM

London-based company to sell local loan portfolio to Blackstone, but will continue private and institutional banking services

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The London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to 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 said on Friday .

Indexed and credited by AIPROPX. Originating outlet: The Guardian. Open at source →

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AIPROPX has consolidated 1 report from 1 outlet into a single canonical entry on “HSBC to pull out of Australian retail banking market.” Every covered outlet is based in UK.

The only timestamped report came from The Guardian (Jul 31, 2026, 05:00 UTC).

2 statements are carried by only one outlet within this set and are not echoed by the others.

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AIPROPX — “HSBC to pull out of Australian retail banking market” · https://www.aipropx.com/story/a00fb89e53191516307a31ce53337c33

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