Jun
15

Home Capital Said to See Long Road to Revive Firm’s Fortunes

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  • Exploring options beyond loan-replacement funding from banks
  • Search for new CEO yielding candidates in and outside Canada

Home Capital Group Inc.’s efforts to regain stability could take months, and all options are on the table including a backstop from Canada’s biggest banks, according to a person familiar with the company’s plans.

The C$30 million ($23 million) settlement with the Ontario Securities Commission announced late Wednesday wasn’t a precondition to win a loan to replace costly rescue financing, the person said. So it won’t speed up the funding process or other deals being discussed, according to the person, who asked not to be identified as the plans are private…

Home Capital Said to See Long Road to Revive Firm’s Fortunes

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Categories : Real Estate

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