{"id":91089,"date":"2026-07-27T08:52:09","date_gmt":"2026-07-27T08:52:09","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/91089\/"},"modified":"2026-07-27T08:52:09","modified_gmt":"2026-07-27T08:52:09","slug":"hsbc-nearing-deal-to-sell-australia-loans-business-to-blackstone-sources","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/91089\/","title":{"rendered":"HSBC nearing deal to sell Australia loans business to Blackstone: sources"},"content":{"rendered":"<p>Published Mon, Jul 27, 2026 \u00b7 03:55 PM<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[LONDON] HSBC Holdings is close to selling its Australia\u2019s loans business to Blackstone, people familiar with the matter said, as part of efforts to streamline operations under chief executive officer Georges Elhedery.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The US-based alternative asset manager has emerged as the likeliest buyer for the loan book after outbidding other firms, the people said, asking not to be identified because the information is private.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Talks are ongoing, and no final decisions have been made, the people informed.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Representatives for HSBC and Blackstone declined to comment.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The Australian Financial Review earlier reported details of the transaction for a loan portfolio of more A$30 billion (US$21 billion).<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Australia\u2019s A$2.5 trillion residential lending market is dominated by domestic banks, which are heavily reliant on this business to support profit.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-10 text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/allianz-buy-hsbcs-singapore-insurance-unit-s2-9-billion?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/07\/98ff407d00df3431649d6f1d1ef930f255519501544f9a5adaede8fb7bee1b1e.webp\" alt=\"The deal values the HSBC Singapore insurance unit at S$2.7 billion.\" width=\"4568\" height=\"3056\"\/><\/a><\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Commonwealth Bank of Australia has the largest slice of the market, though the industry has seen smaller competitors such as Macquarie Group grow market share quickly in recent years.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Under Elhedery, HSBC has cut management layers, jobs and businesses.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6 inline-block\" data-testid=\"article-paragraph-component\">Last week, the London-based banking giant announced the sale of its Singapore insurance unit to Allianz, the latest in a string of transactions. BLOOMBERG<\/p>\n","protected":false},"excerpt":{"rendered":"Published Mon, Jul 27, 2026 \u00b7 03:55 PM [LONDON] HSBC Holdings is close to selling its Australia\u2019s loans&hellip;\n","protected":false},"author":2,"featured_media":91090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[583,38965,9881,716],"class_list":["post-91089","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-australia","tag-blackstone","tag-hsbc","tag-loans"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116991099266595745","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/91089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=91089"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/91089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/91090"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=91089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=91089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=91089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}