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Home Capital chairman: mortgage lender will fight OSC allegations but focus on business | Latest News

Home Capital chairman: mortgage lender will fight OSC allegations but focus on business

TORONTO — The chairman of Home Capital Group says he remains confident about the lending company’s future despite recently announced allegations against the company, as well as two of its former CEOs and its current chief financial officer. An open ... read more

Home Capital benches two key players facing Ontario watchdog's allegations

TORONTO ONTARIO, – Home Capital Group (TSX:HCG) is benching two of the key figures at the centre of allegations filed against the mortgage lender last week by ... a statement of allegations by the Ontario Securities Commission, says its interim chief ... read more

Home Capital Founder Soloway to Step Down After OSC Allegations

The alternative mortgage lender ... the focus back on our profitable underlying business and its solid performance", said Home Capital Chairman Kevin Smith. Until then, Blowes, who was CFO between 2012 and 2014, will be interim CFO. Those allegations ... read more

Gerald Soloway stepping down from embattled Home Capital’s board

Shares in Home Capital Group Inc., the country’s largest alternative mortgage lender, tumbled again as the ... even though they had a material impact on its business, the commission alleges. The OSC’s allegations of securities-law violations have ... read more

Toronto-based mortgage lending firm Home Capital fires CEO Martin Reid

The Toronto-based mortgage lender made the announcement after markets closed Monday. "Home Capital requires leadership that can bring to bear a renewed operational discipline, emphasis on risk management and controls, and focus on improving performance ... read more

Economists tell Greece to focus on basics to restore economy

The advice to Greece from economists is simple: focus on the basics. Have a steady government, simplify the rules of doing business, and rather than try ... rates and repayment rates on Greece's bailout loans. Eriotis said Greece needs to eliminate a ... read more

Former IndyMac CEO Turns to Personal Blog to Clear His Name

Anyone in the reverse mortgage business knows plenty about IndyMac Bank, which was the owner of Financial Freedom before the FDIC took over the bank in July of 2008. Michael Perry, former CEO and Chairman of IndyMac Bank, is taking to his personal website ... read more

Poker tables keep decreasing on Las Vegas casino floors

LAS VEGAS -- When the Monte Carlo closes its eight-table poker room in about a month as part of a $450 million overhaul, the Las Vegas Strip will have lost nearly a quarter of the tables it had a decade ago. read more
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