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BlackRock warns against ignoring Home Capital's woes
Its protracted troubles increase risk of a fallout that may hurt credit markets and the Canadian economy
Add BT as a preferred sourcePublished Thu, May 4, 2017 · 09:50 PM
Toronto
THE longer Home Capital Group Inc's woes continue, the bigger the risk of a disorderly fallout that could hurt credit markets and Canada's economy, said Aubrey Basdeo, head of local fixed income at BlackRock Inc.
Home Capital has disclosed a run on deposits since April 19, when the securities regulator accused it of misleading investors.
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