Topic RSS???? Oaken has security issues this morning ????
August 18, 2025
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NorthernRaven
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OfflineAugust 18, 2025
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NorthernRaven
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OfflineYes, Home Capital (ran Home Trust/Home Bank/Oaken) had that deposit run some years back after some troublesome news with some of their mortgage broker originations. Buffet's Berkshire Hathaway came along after their initial funding package from one of the big Ontario pension funds turned out to have pretty onerous terms. I'm pretty sure they closed out the Berkshire support after a year or two and that is long done. They just (!) had a liquidity problem with their demand deposits and perceptions, they weren't structurally kaput or anything.
August 18, 2025
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