Alternative mortgage lender Equitable Group Inc. Says the syndicate of lenders backing a $2 billion standby credit line to shore up its liquidity has been expanded to include all of Canada Big Six banks.Equitable announced Monday it had obtained a letter of commitment for a two year, $2 billion secured backstop in a bid to stem any contagion from its embattled rival Home Capital Group Inc., which has seen a partial run on its funding.The loan facility backers initially included Toronto Dominion Bank, Canadian Imperial Bank of Commerce and National Bank. Then, Bank of Nova Scotia and Bank of Montreal were added to the syndicate later Monday.
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