HSBC to close all branches and pull out of Australian retail banking market

The Guardian Business · Published 17h ago · Impact 69%

London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking services Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The London-headquartered HSBC is closing all Australian bra

Steady / neutral66%

PositivePossible support for stability, investment or market confidence

RiskInflation, volatility, borrowing costs or weaker growth

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