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HSBC Exits Australian Retail Banking; Sells $36B Loan Book to Blackstone
HSBC closes all 19 Australian retail branches over 18 months after selling $36B loan portfolio to Blackstone. Pepper Money to service mortgages from early 2027.
Old Trails Fire Grows to 3,000 Acres in Spokane; Level 3 Evacuations Expand
Old Trails Fire burns 3,000 acres in Spokane, Washington, forcing Level 3 evacuations for thousands of residents. About 4,000 buildings are threatened as extreme fire weather conditions fuel rapid spread.
Macquarie Bank Cuts Variable Rates to 6.04% as Mortgage Wars Heat Up
Macquarie Bank cuts variable rates to 6.04% for new customers. 28 lenders have cut rates since June as mortgage competition heats up and RBA decision looms on August 11.
IAG Trims 2026 Capacity as Fuel Costs Bite; Shares Fall 1.6%
IAG cuts 2026 capacity outlook to flat after 16% Q2 profit drop from fuel costs and Middle East conflict. Shares fall 1.6%. Fuel bill forecast eased to €8.3-8.6bn.
Australia’s Housing Crisis Deepens: 26% Fear Homelessness Within 12 Months, August 02
Australia’s housing crisis intensifies as 26% of Australians fear homelessness in the next year. Rents hit record highs, deposit savings take 11.2 years, and affordability stress drives homelessness.
Albanese’s Melon Joke Risks Japan Ties as Diplomatic Fallout Looms
PM Anthony Albanese faces criticism after making sexual jokes about Japanese PM Sanae Takaichi’s Crown Melon gift on a podcast. Trade officials warn Japan may view Australia as a sovereign risk.
HSBC Exits Australian Retail Banking After 40 Years; Sells $36B Loan Book to Blackstone
HSBC exits Australian retail banking after 40 years, selling its $36 billion loan book to Blackstone. All 19 branches to close over 18 months. Pepper Money will service the loans.
Netflix Mountaineer Nirmal Purja Missing After Broad Peak Avalanche Kills Four
Nirmal Purja, the Netflix mountaineer who holds the record for fastest ascent of the world’s 14 highest peaks, is among six climbers missing after an avalanche on Broad Peak in Pakistan killed four on July 31, 2026.
Tyson Stengle Departs Geelong After Mutual Agreement on July 31
Geelong and Tyson Stengle reach mutual agreement to part ways on July 31, 2026. The 2022 All-Australian forward had three years left on his $700,000-per-season contract but struggled with personal issues.