HSBC Reportedly Weighing Sale of Australian Retail Banking Unit

HSBC is reportedly considering a sale of its Australian consumer banking operation.That’s one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter.One of those sources said HSBC is likely to hold onto its commercial banking unit in Australia to continue serving corporate clients around the world. The retail banking business — made up of 40 branches and offices throughout Australia — could ...