Wealth and Asset Management
HSBC offloads $36b loan portfolio to global alts manager
HSBC Australia has confirmed the sale of its Australian home and personal loans portfolio – valued at AUD$36 billion – to global alternative assets manager, Blackstone, marking the first stage of the bank’s winding down of its local retail operations over the next 18 months. A statement from HSBC…
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Click here to read the full story: Financial Newswire