May 8- Home Capital Group Inc on Monday suspended its dividend, tapped its credit line and added new directors, the latest attempts from Canada's biggest non-bank lender to restore investor confidence and stem the flow of customer withdrawals. Home Capital has become a rare Canadian financial institution to face a run on its deposits and its troubles come at a...
If you're often financially assisting family members, here's how to protect your retirement savings, USA Today reports.
May 1- Home Capital Group Inc, Canada's biggest non-bank mortgage lender, said it expected to draw down half of a C $2 billion credit line on Monday, as it seeks to offset the impact of a steep fall in savings accounts deposits. The company also said the balance in its high-interest savings accounts was expected to slump to about C $391 million on Monday, from C $521...
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 But depositors have withdrawn more than half of Home Capital's high-saving interest accounts, while the total balance of its larger pool of less-liquid guaranteed...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.
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.