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Home Capital Group Inc (HCG.TO)

HCG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Home Capital provides update on liquidity and deposits
Thursday, 25 May 2017 04:32pm EDT 

May 25 (Reuters) - Home Capital Group Inc :Home capital provides update on liquidity and deposits.Home capital group inc - aggregate available liquidity and credit capacity $‍1.11​ billion as of may 24.Home capital group inc - home trust high interest savings account (hisa) deposit balances stood at approximately $111 million as of may 24.Home capital group inc - continues to maintain sufficient aggregate liquidity and credit capacity as of may 24, 2017.Home capital - ‍total guaranteed investment certificate (gic) deposits, including oaken and broker gics, stood at approximately $12.30 billion as of may 24​.Home capital group inc - gics in a cashable and credit capacity position was $148 million as of may 24 versus $145 million as of may 23.  Full Article

RBC CEO says Home Capital issues "not a systemic risk"
Thursday, 25 May 2017 08:22am EDT 

May 25 (Reuters) - Royal Bank Of Canada :Royal bank of canada ceo says not a systemic risk if home capital were to continue to experience trouble.RBC ceo says home capital issues should not cause canadians to loose confidence in value of their homes or cause contagion problems.RBC cfo says bank would expect to maintain 10.5 percent plus core tier 1 ratio target if it became a g-sib.  Full Article

Home Capital provides update on liquidity, deposits and maturities
Wednesday, 24 May 2017 05:36pm EDT 

May 24 (Reuters) - Home Capital Group Inc :Home capital completes repayment of deposit notes and provides update on liquidity, deposits and maturities.Home capital group inc - gics in a cashable position $145 million as of may 23 versus $144 million as of may 22.Home capital group inc - as of may 23, hisa deposit balances stood at about $113.3 million versus 115 million as of may 22.Home capital group inc - aggregate available liquidity and credit capacity $‍1.14​ billion as of may 23.Home capital group-total guaranteed investment certificate (gic) deposits, including oaken and broker gics, stood at approximately $12.30 billion as of may 23.Home capital group inc - reported it has repaid $325 million of its outstanding deposit notes due may 24, 2017.Home capital group - continues to maintain sufficient aggregate liquidity, credit capacity.  Full Article

Home Capital provides update on liquidity and deposits
Friday, 19 May 2017 04:30pm EDT 

May 19 (Reuters) - Home Capital Group Inc :Home Capital provides update on liquidity and deposits.GICs in a cashable position $144 million as of May 18 versus $146 million as of May 17.As of May 18, HISA deposit balances stood at about $116.2 million versus $120.2 million as of May 17.Aggregate available liquidity and credit capacity of approximately $1.47 billion as of Thursday, May 18, 2017.Total GIC deposits, including Oaken & broker GICs, stood at about $12.34 billion and Oaken savings accounts stood at about $146 million as of May 18.  Full Article

Home Capital provides update on liquidity and deposits
Thursday, 18 May 2017 04:30pm EDT 

May 18 (Reuters) - Home Capital Group Inc :Home Capital provides update on liquidity and deposits.GICs in a cashable position $146 million as of May 17 versus $153 million as of May 16.Home Trust High Interest Savings account (HISA) deposit balances stood at approximately $120 million as of May 17.Aggregate available liquidity and credit capacity of approximately $1.47 billion as of Wednesday May 17, 2017.Total GIC deposits, including Oaken and broker GICs, stood at approximately $12.35 billion as of Wednesday May 17.Continues to maintain sufficient aggregate liquidity and credit capacity.  Full Article

Home Capital provides update on liquidity and deposits
Wednesday, 17 May 2017 04:30pm EDT 

May 17 (Reuters) - Home Capital Group Inc :Home Capital provides update on liquidity and deposits.Home Capital Group Inc - home trust high interest savings account (HISA) deposit balances stood at approximately $117 million.Home Capital - aggregate available liquidity and credit capacity of approximately $1.48 billion as of Tuesday May 16, 2017.Home Capital - total guaranteed investment certificate (GIC) deposits stood at about $12.36 billion, Oaken savings accounts stood at about $146 million as of May 16.Home Capital - GICs in a cashable position $153 million as of Tuesday, May 16 versus $160 million as of May 15.  Full Article

Home Capital provides update on liquidity and deposits
Tuesday, 16 May 2017 04:30pm EDT 

May 16 (Reuters) - Home Capital Group Inc :Home Capital provides update on liquidity and deposits.Home Capital Group Inc - Aggregate available liquidity and credit capacity of approximately $1.48 billion as of Monday May 15, 2017.Company continues to maintain sufficient aggregate liquidity and credit capacity.Home Capital Group- Home trust high interest savings account (HISA) deposit balances stood at approximately $121 million position as of Monday May 15, 2017.Home Capital - Total guaranteed investment certificate deposits, including Oaken and broker GICs, stood at about $12.38 billion as of Monday May 15, 2017.Home Capital Group Inc - GICs in a cashable position $160 million as of May 15 versus $167 million as of May 12.  Full Article

Home Capital provides update on liquidity and deposits
Monday, 15 May 2017 06:30am EDT 

May 15 (Reuters) - Home Capital Group Inc :Home capital provides update on liquidity and deposits.Home capital group inc - hisa deposit balances stood at approximately $125 million as of friday may 12, 2017.Home capital-aggregate available liquidity and credit capacity of about $1.51 billion including undrawn amount of $600 million under $2.0 billion credit facility as of may 12.Home capital group inc - total gic deposits, including oaken and broker gics, stood at about $12.44 billion & oaken savings accounts stood at about $151 million as may 12.Home capital group inc says continues to maintain sufficient aggregate liquidity and credit capacity.  Full Article

Home Capital says may need to make asset disposals
Friday, 12 May 2017 08:59am EDT 

May 12 (Reuters) - Home Capital Group Inc :Home capital ceo says terms of hoopp credit line will have significant effect on performance in 2017.Home capital interim ceo says recognises need for some restructuring within the company.Home capital cfo says repaying hoopp facility may neccessitate asset disposals.Home capital director says doesn't expect new, significant transactions within the next days and weeks.Home capital director hibben says run-off scenario 'last one ever hope to be executing'.Home capital director hibben says run-off very unlikely.Home capital director hibben says looking at a wider range of options than just a liquidity backstop.Home capital cfo says will need to absorb a number of charges in q2.  Full Article

Home Capital says financial statements for Q1 prepared on going concern basis
Thursday, 11 May 2017 07:33pm EDT 

May 11 (Reuters) - Home Capital Group Inc ::Home Capital provides business update and reports first quarter 2017 results.Q1 adjusted earnings per share c$1.02.Q1 earnings per share c$0.90.Q1 earnings per share view c$0.99 -- Thomson Reuters I/B/E/S.Search for a new Chief Executive Officer and Chief Financial Officer are underway.Total available liquidity and credit capacity of approximately $1.61 billion as of may 9, 2017.Qtrly net interest income $125.857 million versus $120.620 million.Interim consolidated financial statements for Q1 ended march 31, 2017 were prepared on a going concern basis."management's focus is on finding more sources of funding in near term so we can be more active serving our customers".Material uncertainty exists regarding company's future funding capabilities.Home Capital Group- material uncertainty as result of reputational concerns that may cast significant doubt upon ability to continue as going concern.Subsequent to end of quarter, company suspended its dividend to help prudently manage its liquidity position.Home Capital Group - non-binding agreement with third party to buy funded mortgages or accept mortgage commitments ,renewals up to a total of $1.5 billion.  Full Article

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UPDATE 1-Ontario regulator penalizes two former Home Capital brokers

TORONTO, May 26 The Financial Services Commission of Ontario last year penalized two former Home Capital Group Inc mortgage brokers for breaking rules on mortgage lending.