Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
The mortgage lender reported a profit of $39 million in the third quarter
Rating agency notes firm's turnaround
Alternative asset manager alleges mortgage lender’s disclosure was inaccurate and misleading
West Face says it covered its short position during a period in which it now believes that market prices of Home Capital shares were inflated due to incomplete public disclosures
The mortgage lender’s top priority is to grow its residential and commercial business lines to more normal and sustainable levels, CEO says
The turnover follows the departure last week of Greg Parker
CFO Brad Kotush will assume departing Greg Parker’s responsibilities
More than 88% of shareholders rejected a plan that would have seen Buffett’s Berkshire Hathaway acquire 23.9 million more shares for $246.7 million
The alternative lender favours Berkshire Hathaway’s bid, despite the advisory from ISS