HSBC Exits Australian Retail Banking

Note: This section contains information in English only.
Source: Dukascopy Bank SA
HSBC is shutting down its Australian retail banking operations and closing all 19 branches over the next 18 months, following the sale of its $36 billion mortgage and personal loan portfolio to Blackstone. The non-bank lender Pepper Money will manage the acquired loan book, while HSBC shifts its local strategy entirely toward corporate, private, and institutional banking. 

The exit marks the end of HSBC's decades-long effort to capture market share in Australia's $2.5 trillion mortgage sector, which remains heavily dominated by the country's major domestic banks
Back to articles

Actual Topics

Mon, 03 Aug 2026 06:30:12 GMT

Lloyds, CaixaBank Complete Agorá Pilot

Lloyds Banking Group and CaixaBank have successfully executed live cross-border tokenized deposit transactions through Project Agorá, a public-private initiative backed by the Bank for International Settlements. The tests demonstrated atomic, simultaneous cross-currency payments and settlements—converting Swiss francs into sterling and euro-denominated transfers—averaging processing times of under one minute and twenty seconds. The pilot highlights how commercial bank money tokenization can drastically

Fri, 31 Jul 2026 08:45:04 GMT

BAE Wins Submarine Contract

BAE Systems secured a £5.9 billion UK government contract to build the next generation of Dreadnought-class nuclear-armed submarines.

Fri, 31 Jul 2026 09:00:06 GMT

Apple Warns of Chip Shortage

Apple shares dropped over 5% after the tech giant warned of severe memory chip shortages and issued lower-than-expected revenue forecasts.

To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.