HSBC just sold $7.8B French mortgages - here's what it means for your portfolio
Key Points
- HSBC's sale of €6.7 billion in French mortgages signals a sh...
When HSBC decided to offload 6.7 billion euros ($7.81 billion) worth of French mortgages to Rothesay and CCF Group this week, they weren't just decluttering their balance sheet - they were making a statement louder than a French horn at a silent auction.
This massive sale of 25-year fixed-rate residential loans is HSBC's way of saying "au revoir" to France while pivoting toward Asian markets faster than a tourist fleeing Parisian restaurant prices. The move perfectly captures what's happening across European banking: institutions are playing musical chairs with their portfolios, and apparentl...
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