Company: Home Capital Group Inc.

72 results found
IIROC reaches settlement with three former All Group reps

Gerald Soloway, Robert Morton and Martin Reid have also been prohibited from serving as officers or directors for a period of time

The company reported that elevated expenses weighed down its bottom line, including $213.6 million pre-tax from its liquidity crisis earlier this year

Warren Buffett’s firm provided the alternative mortgage lender the financial lifeline last month as Home Capital was trying to regain investor confidence

Street Capital appoints chief product and marketing officer

The announcement comes three weeks after Warren Buffett’s Berkshire Hathaway invested in the company and provided much needed funding

Greg Parker will focus on identifying and evaluating options to further develop the alternative lender’s business

The company is making efforts to restore market confidence following allegations that it misled investors

But the company is encouraged by the inflows of deposits since Berkshire Hathaway announced it was investing $400 million in Home Capital

The deal between the alternative mortgage lender and Warren Buffet's company is expected to close on June 29

The announcement comes after the company agreed last week to settle both an OSC case and a class-action lawsuit filed by investors.

OSC to consider no-contest settlement with Manulife

Some former company executives will pay administrative penalties and be barred from acting as a director or officer of a public company