May 12, 2017 / 12:09 AM / 10 months ago

Home Capital says faces uncertainty over ability to continue operations

TORONTO (Reuters) - Home Capital Group (HCG.TO), Canada’s biggest non-bank lender, said on Thursday that uncertainty around its future funding capabilities had cast doubt about whether it would be able to continue as a going concern.

The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada May 1, 2017. REUTERS/Chris Helgren

    “Management believes that material uncertainty exists regarding the company’s future funding capabilities as a result of reputational concerns that may cast significant doubt upon the company’s ability to continue as a going concern,” Home Capital said in a statement alongside its first-quarter results.

    Reporting by Matt Scuffham; editing by Diane Craft

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