HSBC to sell US$25b of Australian home loans to Blackstone at a loss of less than US$100m

HSBC Holdings has agreed to sell its US$25 billion Australian home loan portfolio to a unit of Blackstone, which is expected to result in an immaterial pre-tax loss of less than US$100 million for the group by the first half of 2027, according to a stock exchange filing on Friday. The sale price was based on the portfo

HSBC to sell $25.3 billion Australian home loan portfolio to Blackstone  Reuters