Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > HSBC agrees to sell $7.8 billion of French mortgages to Rothesay

Finance

HSBC agrees to sell $7.8 billion of French mortgages to Rothesay

Published by Global Banking and Finance Review

Posted on July 19, 2025

Featured image for article about Finance

LONDON (Reuters) -HSBC has agreed to sell 6.7 billion euros ($7.81 billion) worth of French home loans to British insurer Rothesay and consortium partner CCF Group, the latter said on Friday.

The portfolio mainly consists of 25-year fixed rate mortgages for residential properties in France, Rothesay said.

The proposed sale comes as HSBC has shrunk its presence in France in recent years as part of a wider pivot to Eastern markets.

The British bank completed the sale of its retail banking business in France in January 2024, to Crédit Commercial de France (CCF).

($1 = 0.8581 euros)

(Reporting By Lawrence White; Editing by Kirsten Donovan)

More from Finance

Explore more articles in the Finance category

Russia says it hopes Trump does not make a 'fatal mistake' on Venezuela

Novartis, Roche back US efforts to lower drug costs amid talk of pricing deal

Russia sentences Briton who fought for Ukraine to 13 years in prison camp

Morning Bid: BoE to make the cut as others stay the course

Beauty retailer Douglas tempers growth forecasts for 2026 and beyond

Lufthansa plays catch up with European rivals after bumpy ride

Sterling steady before expected BoE rate cut

European shares muted as investors cautious ahead of US data, ECB decision

BP names Meg O’Neill CEO after sudden Auchincloss exit

Elliott gears up for Barnes & Noble and Waterstones listing, FT reports

Aena to buy majority stakes in UK airports for $360 million

Micron surges on upbeat profit forecast as chip prices soar

View All Finance Posts