Tag Archive: Kavir

Home Capital repays 2 billion line of credit from Berkshire Hathaway

TORONTO — Home Capital Group (TSX:HCG), the Toronto-based alternative mortgage lender that was on the verge of collapse earlier this year, says it has repaid a $2-billion line of credit from Berkshire Hathaway.The company was given the financial lifeline last month by Berkshire Hathaway, which is headed by Warren Buffett, as it was trying to regain investor confidence following a run on deposits from customers.When it provided the line of credit, Berkshire Hathaway also bought a $400 million stake in Home Capital.Home Capital says proceeds from asset sales helped it repay the line of credit, bringing down the amount of interest expenses it faces as it continues to strengthen its liquidity position.The lender, which provides mortgages to borrowers who don’t qualify for a loan from the big banks, faced allegations earlier this year from Ontario’s securities regulator that it misled investors in its handling of a scandal involving falsified loan applications.It has since settled that case and a separate class-action lawsuit filed by investors.The Canadian Press read more

Royal wedding guest list Who did Princess Eugenie and Jack Brooksbank invite

High profile guests arrived at Windsor castle for the wedding of Princess Eugenie to Jack Brooksbank.  The star-studded guest list provided appearances from Naomi Campbell, Demi Moore and Pixie Geldof. The Duke and Duchess of Sussex were also seen in Windsor again today; the couple were attending the wedding of Princess Eugenie and Jack Brooksbank – which took place in Windsor Castle’s St George’s Chapel, the venue of their wedding. Celebrities made up the guest list, as well as senior members of the royal family and selected members of the public. 850 people will reportedly be in the chapel, with a further 1,200 expected in the ground; here is everything we know about the guests, from royal…