HSBC’s uphill battle to sell $20b deposit book in a precarious market

详细摘要

Two months after HSBC gave its sell-side bankers the green light to sell its retail deposit book – the task looks more challenging than it first seemed.

HSBC Australia’s bankers at Citi face an uphill battle in finding a buyer for the bank’s $20 billion retail deposits, the last remaining frontier of the London-headquartered lender’s local operations.

Two months ago, this column revealed HSBC had given its bankers the green light to offload the deposit book after inking a deal with New York-based global investment giant Blackstone for HSBC’s $36 billion Australian loan book. That deal saw ASX-listed non-bank lender Pepper Money service the loans.

文章开头，摘自Australian Financial Review。如需阅读全文，请前往媒体网站。