HSBC's Australia Bank Could Appeal to Offshore Buyer -- Market Talk
Dow Jones
Jul 14, 2025
0125 GMT - UBS analyst John Storey reckons that regional and overseas banks are the most likely buyers of HSBC's Australian retail business if the London-based financial giant decides to exit. Storey acknowledges an Australian newspaper report suggesting that major lenders ANZ, Commonwealth, NAB and Westpac may show interest, but sees more likely buyers elsewhere. He tells clients in a note that ING Australia is aiming to double the size of its business, and finds it interesting that ING Bank has slowed the pace of its share buyback. This could be seen as increasing the probability of M&A, he adds. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 13, 2025 21:25 ET (01:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.