June 15, 2017 / 1:52 PM / in 6 months

Home Capital Group surges after settlement with Ontario regulator

TORONTO, June 15 (Reuters) - Home Capital Group Inc surged as much as 19.3 percent on Thursday after it said late on Wednesday it had agreed to a settlement with the Ontario Securities Commission.

The rise followed Wednesday’s gains after Reuters reported Home Capital was in talks with a syndicate of banks to secure a loan of about C$2 billion ($1.51 billion).

Shares were up C$1.87, or 15.4 percent at C$14.00 in early morning trading after raising as much as C$14.47. ($1 = 1.3277 Canadian dollars) (Reporting by Solarina Ho)

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