Investors have recovered 92¢ on the dollar: trustee
Downturn in equity markets forces insurer to hike reserves
Investment dealer takes charges for ABCP holdings, corporate restructuring
Nexen swings to a loss
Insurer maintains quarterly dividend
Client assets down mainly due to market depreciation
The global rating agency stated that its positive putlook reflects Home Capital’s consistently robust earnings, which have been driven by a solid net interest margin, strong income-producing asset growth, steady revenue increases across all business segments, good asset quality metrics, and stringent cost controls. Furthermore, Fitch views the company’s capital and reserve levels as sound, […]
Wellington Financial Fund III is now providing growth capital to U.S.-based companies, Wellington Financial LP said Wednesday.The Toronto-based specialty finance firm provides operating lines of credit, term, venture and amortizing loans up to US$50 million. Target clients generally have trailing revenues in excess of US$5 million. “There is no credit crunch at our firm,” says […]
U.S. trade gap shrinks
Continuing merger activity looks likely for the sector