Apr
30

Unraveling Home Capital Has Ex-Investor Mulling Contagion Odds

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  • Chances of spreading through Canada small, Mawer’s Hall says
  • Banking system well capitalized with lots of ‘firefighters’

The escalating woes ensnaring Home Capital Group Inc. have led one of its largest former investors to rethink — if only slightly — the prospects of troubles spreading through the rest of Canada.

The unraveling of Home Capital, the alternative-mortgage lender that needed a C$2 billion ($1.5 billion) credit line to offset a run on deposits, has Mawer Investment Management Ltd.’s Jim Hall recalculating the odds of a contagion widening across one of the world’s strongest financial systems…

Unraveling Home Capital Has Ex-Investor Mulling Contagion Odds

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Categories : Finance, Real Estate

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