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Article The Guardian World News

HSBC to close all branches and pull out of Australian retail banking market

The Guardian World News July 31, 2026 · 5:00 am Read Original
Pessimistic -25.0
−100 Bearish 0 +100 Bullish
HSBC to close all branches and pull out of Australian retail banking market

London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking servicesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to the 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 announced on Friday. Continue reading...

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Article Info
Source The Guardian World News
Published Jul 31, 2026 · 5:00 am
Article ID by2atz9
Original URL Open source
Sentiment Signal
Pessimistic -25.0
−100Neutral+100
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