provisioned

Volkswagen sets aside $6.16 billion for contingent liabilities arising out of emission scandal

By admin1 on May 3, 2019 • ( 0 )

The diesel emission cheating scandal has so far cost Volkswagen 30 billion euros. Volkswagen’s Chief Financial Officer (CFO) disclosed, the carmaker has provisioned $6.16 billion (5.5 billion euros) in contingent liabilities in order to cover the cost of potential liabilities… Read More ›

Royal Bank of Scotland agrees to pay $4.9 billion to settle probe by the U.S. Justice Department

By admin1 on May 10, 2018 • ( 0 )

The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›