HSBC is a Publicly Owned financial services group headquartered in the UK. Founded in 1865, the company employs approximately 172,840 individuals. Functioning as a universal bank and financial services group, HSBC has unique historical and business links to East Asia and maintains a highly multinational footprint.
On July 31, 2026, HSBC announced its decision to close its retail banking business in Australia following a review of its operations. As part of this exit, the bank will sell its $36 billion Australian home and personal loan portfolio to private equity giant Blackstone, winding down its Australian banking arm over the next 18 months. Earlier on the same day, German financial services firm Allianz agreed to acquire 100% of HSBC Life Singapore for S$2.7 billion ($2.1 billion). The transaction, which is subject to regulatory approvals and expected to close in the first half of 2027, includes an exclusive 15-year bancassurance agreement with HSBC Bank (Singapore), aiming to expand Allianz's operational footprint across Southeast Asia’s wealth and protection landscape.
Subscribe for full access to HSBC's products in full detail
Subscribe for full access to HSBC's revenue in full detail
Subscribe for full access to HSBC's products in full detail 
