Latest Lion Series 2024-1 Trust (ASX:LN3) News

N1 Holdings, Wisr and Beforepay led the week’s share-price gains as lenders reported stronger profits and larger loan books. Takeovers, payment growth and a major HSBC loan sale also shaped the market.

HSBC Bank Australia has struck a deal to offload its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a strategic retreat from retail lending and a reshaping of its Australian operations.