HSBC Weighing Sale of Australian Mortgages
Hey there, Keira here reporting from my home town, Melbourne. Here's all the news you need to know to start your morning.
Today's must-reads:
• HSBC weighs selling Aussie mortgages
• Woodside partners with China Resources on gas
• Village Roadshow files for bankruptcy
HSBC Holdings is assessing investor interest in a portfolio of Australian mortgages, and is discussing the sale of about A$13 billion of home loans as the lender pushes ahead with a global overhaul of its businesses, according to people familiar with the matter. The company is undertaking a global restructuring plan that includes winding down various businesses and slashing management ranks.
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