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HSBC HOLDINGS Reportedly Evaluating Options Including Disposal of Retail Banking Biz in Australia
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HSBC HOLDINGS (00005.HK) is evaluating its retail banking business in Australia, and may sell it to further downsize its operations, Bloomberg quoted sources as saying. It was reported that HSBC HOLDINGS might retain its commercial banking business in Australia to serve its global corporate clients. HSBC HOLDINGS declined to comment on the report. HSBC HOLDINGS' retail banking business in Australia has more than 40 branches and offices. As of November 2024, the size of its mortgage loan was AUD31.8 billion, while the scale of its credit card and other household loans amounted to AUD516 million and AUD538 million respectively. AAStocks Financial News |
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