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Fourth lender adds demand for repayment of loans to developer StateView - Vimarsana News

Fourth lender adds demand for repayment of loans to developer StateView

Meridian Credit Union filed an application to appoint a receiver for StateView Homes which was planning to build 206 townhouses on raw land near at 12942 York Durham Line in Stouffville, Ont.,

Ontario home developer accused of $37M 'cheque-kiting' fraud scheme - Vimarsana News

Ontario home developer accused of $37M 'cheque-kiting' fraud scheme

A major Ontario home developer is facing startling allegations from one of the big five banks that it orchestrated a "highly sophisticated," year-long fraud totalling over $37 million.

Source: cbc.ca
Toronto-area housing developments at risk as lenders accuse StateView Homes of wrongdoing - Vimarsana News

Toronto-area housing developments at risk as lenders accuse StateView Homes of wrongdoing

TD alleges ‘cheque-kiting’ cost the bank $37-million

Closing bell: TASI rises 141.6 points on recovering oil prices - Vimarsana News

Closing bell: TASI rises 141.6 points on recovering oil prices

RIYADH: Saudi Arabia’s Tadawul All Share Index increased 141.62 points on Tuesday – or 1.39 percent – to close at 10,359.74, from 10,218.12, thanks to oil price rise, extending a recovery. MSCI Tadawul 30 Index also increased 1.64 percent to 1,410.74, and the parallel market, Nomu, edged down by 0.21 percent closing at 18,928.89. TASI’s total trading turnover of the benchmark

Closing bell: TASI falls 98 points as the US banking crisis rattles investors - Vimarsana News

Closing bell: TASI falls 98 points as the US banking crisis rattles investors

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 97.92 points — or 0.95 percent — to close at 10,207.17 on Tuesday as the looming US banking crisis clouded the investor sentiment globally. The collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank in the last week has spurred an exodus of investors from equities to safe havens such as gold and bonds. Stock