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Home Capital Group says its client deposit levels have stabilized over the past few days following a string of heavy withdrawals, and that it still has more available funds on its line of credit.
7 rules for using credit cards to finance a dream
– creditcards.com
Founding a business, getting an education or even a once-in-a-lifetime experience could be reasons to take a risk
Home Capital says outflow of deposits has slowed, available funds are sufficient
– canadianbusiness.com
Home Capital Group says the outflow of customer deposits has slowed in recent days and it continues to have access to sufficient funds, including $600 million that’s undrawn on a line of credit from the HOOPP retirement fund.
The Toronto-based mortgage company (TSX:HCG) says it had a total of $1.51 billion in available liquidity and credit capacity as of Friday, down $50 million from the previous day.
The company says deposits at Home Trust’s high-interest savings accounts were stable at about $125.4 million.
There was another $150.6 million in savings deposited with its Oaken Financial subsidiary and $12.44 billion deposited with guaranteed investment certificates, both down slightly from Thursday.
Home Capital began providing daily updates after customers withdrew huge amounts from their high-interest savings accounts, requiring it to arrange a $2 billion line of emergency credit from the Healthcare of Ontario Pension Plan.
Confidence in Home Capital was shaken last month by allegations from staff at Ontario’s securities watchdog that the lender misled investors in its handling of a scandal involving falsified loan applications…
The Toronto-based mortgage company (TSX:HCG) says it had a total of $1.51 billion in available liquidity and credit capacity as of Friday, down $50 million from the previous day.
The company says deposits at Home Trust’s high-interest savings accounts were stable at about $125.4 million.
There was another $150.6 million in savings deposited with its Oaken Financial subsidiary and $12.44 billion deposited with guaranteed investment certificates, both down slightly from Thursday.
Home Capital began providing daily updates after customers withdrew huge amounts from their high-interest savings accounts, requiring it to arrange a $2 billion line of emergency credit from the Healthcare of Ontario Pension Plan.
Confidence in Home Capital was shaken last month by allegations from staff at Ontario’s securities watchdog that the lender misled investors in its handling of a scandal involving falsified loan applications…
What is a service charge, and when is it too high?
– creditcards.com
You may find it frustrating to pay for a meal or product with a credit card and find a service charge tacked on, simply because you used a card. Find out how much businesses are allowed to charge and how you can fight back
While some collectors struggled to redeem Air Miles last year, the president and CEO of Air Miles’ parent company LoyaltyOne, Bryan Pearson, was paid a $2.7-million (US) compensation package.
