Key Developments: Consumer Portfolio Services Inc (CPSS.W)
9.00USD
17 May 2013
$0.09 (+1.01%)
$8.91
$9.00
$9.00
$9.00
100
1,170
$12.71
$1.84
Latest Key Developments (Source: Significant Developments)
Consumer Portfolio Services Inc. Completes $237 Million Portfolio Acquisition
Consumer Portfolio Services Inc. announced that it purchased a $237 million portfolio of performing automobile receivables from Fireside Bank, a wholly owned subsidiary of Kemper Corporation (formerly known as Unitrin, Inc.). The terms of the transaction were not disclosed. Full Article
Unitrin, Inc.'s Subsidiary Announces Sale Of Active Loan Portfolio To Consumer Portfolio Services, Inc's Subsidiary
Unitrin, Inc. announced that its subsidiary, Fireside Bank, has signed a definitive agreement with a subsidiary of Consumer Portfolio Services, Inc., to sell its active loan portfolio. Unitrin anticipates that the transaction will close in the third quarter of 2011, subject to regulatory approvals and the satisfaction of other customary closing conditions. Terms of the transaction were not disclosed. Fireside Bank will service the active loan portfolio for a short transitional period following the closing. Fireside Bank will retain its non-active loan portfolio, which is in run-off and contains approximately $475 million of previously charged-off loans as of July 31, 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
