Deals
Equitable's Uninterested in Home Capital or Loan Book, CEO Says
- CEO uncomfortable by regulator’s allegations on Home Capital
- Doesn’t see trouble spreading across Canada’s financial system
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Canadian alternative lender Equitable Group Inc. wouldn’t buy embattled rival Home Capital Group Inc. or its mortgages if they were up for sale, said Chief Executive Officer Andrew Moor.
"The bottom line is no," Moor, 56, said in an interview at Bloomberg’s Toronto office on Monday. “We have some concerns based on what we’ve read about how they underwrote their loans and their internal controls."