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30

Unraveling Home Capital Has Ex-Investor Mulling Contagion Odds

By Tony Seruga

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

Categories : Finance, Real Estate

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