Home Capital's shares surge as Buffett rides to rescue

June 22, 2017 by  
Filed under News

TORONTO (Reuters) – Warren Buffett’s Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the lender, with the U.S. billionaire pitching himself against short-sellers who have targeted the stock as Canada’s housing market has turned riskier.

Source: Reuters Business News

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