HSBC nearing deal to sell Australia loans business to Blackstone: sources

Published Jul 27, 07:55 AM UTC

HSBC Holdings is close to selling its Australia loans business to Blackstone, according to sources. The talks are ongoing and no final decisions have been made. This potential sale is part of HSBC's broader restructuring under CEO Georges Elhedery, who has been cutting management layers, jobs, and businesses to streamline operations. The deal would involve Blackstone acquiring HSBC's loan portfolio in Australia, though specific financial terms were not disclosed. The report, published by The Business Times on July 27, 2026, cites unnamed sources familiar with the matter.