Jul 31, 2026 – 11.23amGlobal banking giant HSBC has sold its $36 billion Australian home and personal loan book to private asset manager Blackstone in one of the largest ever mortgage portfolio transactions.HSBC said it would wind down the remainder of its Australian retail business over the next 12 months, but will retain a presence in corporate and institutional banking as well as private banking.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles