Update: Market Chatter: NAB, Other Potential Buyers Conduct Due Diligence on HSBC's Australian Deposit Book

02:21 AM EDT, 09/18/2026 (MT Newswires) -- (Updates with HSBC's statement) National Australia Bank and other lenders are believed to be conducting due diligence for the potential purchase of HSBC's (HSBA.L) Australian deposit book, The Australian reported Thursday, citing unnamed sources. The deposit book represents the remainder of the London-listed lender's retail business in Australia, which is expected to be wound down in 18 months. The report noted that HSBC's advisers are assisting with the disposal. The unnamed sources said NAB made a non-binding offer in 2025 for HSBC's Australian deposit book, without the loans. HSBC said it had no comment when reached by MT Newswires, while NAB did not immediately respond to a request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)