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Home Capital, Canadian regulator settle allegations of misleading shareholders

Lender, 3 ex-staff to pay over C$30m; stock posts biggest gain in 5 weeks

The settlements remove a legal cloud that has hung over the embattled company for almost two months.


HOME Capital Group Inc and three former executives agreed to pay more than C$30 million (S$31.4 million) to reach settlements with regulators and investors over allegations the Canadian lender misled shareholders about mortgage fraud. The stock posted its biggest gain in five...

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