The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Financial Services > Consumer Loans > ContiFinancial Corporation

ContiFinancial Corporation
OTC: CFNIQ
Change
symbol:
     
 PROFILE
Consumer finance firm ContiFinancial couldn't even qualify for one of its own loans: The company is in Chapter 11 bankruptcy. The former lender originated, bought, sold, and serviced home equity loans for borrowers with poor credit. Having lost its liquidity, ContiFinancial discontinued its lending operations, including commercial loans, equipment leases, and franchise loans. The company took measures such as cutting staff to improve its outlook, but ultimately talks with potential buyer General Motors Acceptance Corporation fell through. The company's mortgage servicing portfolio and servicing platform have been sold to subprime mortgage loan servicer Fairbanks Capital. ContiGroup owns three-fourths of the company.

 COMPETITION
Citigroup Inc. (C)
First Union Corporation (FTU)
Household International, Inc. (HI)

 STOCK ANALYSIS
 View by:
 Day 
 Day 
 Month 
 Month 
 Year 
 Year 
FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1999 Sales (mil.): 421.10
1-Yr. Sales Growth: (36.2)%
Employees: 3,330
Revenue per employee: $126,456.46

 KEY PEOPLE
• Alan H. Fishman
    CEO

 CONTACT INFO
277 Park Avenue
New York, NY 10172
US
Phone: 212-207-5487
Fax: 212-207-2868

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001