TORONTO, April 27- Canadian alternative lender Home Capital Group Inc said on Thursday the Healthcare of Ontario Pension Plan agreed to provide a $2 billion credit line to its unit Home Trust. But depositors have withdrawn more than half of Home Capital's high-saving interest accounts, while the total balance of its larger pool of less-liquid guaranteed...
Most 401(k) plans allow account holders to borrow from their balances. Two financial experts debate the merits of taking 401(k) loans.
TORONTO, April 26- Shares in Home Capital Group, Canada's biggest non-bank mortgage lender, plunged more than 60 percent on Wednesday, wiping out nearly $500 million in market value, after the company agreed to tap a high-interest credit line to shore up finances. Home Capital said it would tap a C $2 billion credit line with an unnamed institutional investor...
*Ghana, Ivory Coast increasing cooperation. ABIDJAN, April 25- Ghana's Cocobod needs around $400 million in bridge financing from the central bank to cover its operations for the remainder of the cocoa season after its annual syndicated loan ran out early, the industry regulator's chief executive said on Tuesday. We're going to the central bank, the Bank of Ghana,...
Kelly King, BB&T CEO, discusses loan volume in his company, spurred by optimism on Main Street.
The pace of commercial and industrial loan growth has slowed to its weakest pace in nearly six years, according to Yardeni Research.
The math behind your credit score is getting an overhaul.
Karin Kimbrough, Merrill Lynch Wealth Management; Mark Zandi, Moody’s Analytics; and CNBC's Steve Liesman discuss the latest release of the Federal Reserve's Beige Book and what it means for the domestic economy.
Cadence Bancorp CEO Paul Murphy, Jr. discusses the bank's IPO and the lending environment for the company.
CNBC's Diana Olick provides the latest read on the housing markets as weakness in refinancing is keeping the mortgage business light.
Tim Manni, NerdWallet mortgage expert, shares tips for applying for a mortgage and finding the best interest rate.
Ken Rees, Elevate CEO, discusses the road to the subprime lender's IPO, including repricing, and the loan environment for borrowers.
The Federal Reserve wants to shrink its $4.5 trillion balance sheet, and that may force interest rates to rise fast than you think.
*Asks creditors to give their agreement by April 14. TOKYO, April 4- Toshiba Corp asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off, sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. The TVs-to-construction Japanese conglomerate expects to...
CNBC's Diana Olick reports that more millennials are tapping the equity in their homes.
Home equity lines are becoming more and more popular among the nation's youngest homeowners.
The Education Dept suggested that borrowers couldn't rely on the program's administrator to say accurately whether they qualify, The New York Times reports
Jason Grohotolski, Senior Credit Officer at Moody's, weighs in on auto sales and the risk to lenders.
Shares of the company, which had 1,552 employees as of Dec. 31, were up about 7 percent at $7.89 in extended trading. GoPro had previously forecast its revenue to be $190 million to $210 million for the quarter ended March 31. "We currently have no need to draw on our credit facility and we expect to be EBITDA positive for full-year 2017," Chief Financial Officer Brian...
Shares of the company, which had 1,552 employees as of Dec. 31, were up about 7 percent at $7.89 in extended trading. GoPro had previously forecast its revenue to be $190 million to $210 million in the quarter ended March 31. "We currently have no need to draw on our credit facility and we expect to be EBITDA positive for full-year 2017," Chief Financial Officer Brian...