Sentence examples for provisions for litigation from inspiring English sources

In Germany Deutsche Bank set aside €1.2 billion ($1.7 billion) in provisions for litigation.

The bank has already warned that the £4.5bn cost of creating a new non-core division and the allocation of £3bn of extra provisions for litigation in the future will drive it to a loss when it reports its figures next week.

Deutsche Bank, Europe's biggest bank by assets, on Wednesday increased its provisions for litigation by 600 million euros to 2.4 billion euros, citing mortgage-related lawsuits and other regulatory investigations.

The generic industry is reported as supporting CAMR, framing it as an aid initiative, but having a problem with its provisions for litigation.

There was also a nasty provision for litigation losses – but that shouldn't surprise anyone as the stains from precious metal price fixing become more obvious and the lawyers get to work now the regulators have finished with Libor and forex fixing.

The loss followed an £856m provision for "litigation and conduct charges", as well as £453m for restructuring costs.

"Most US and European global investment banks have set aside large provisions for future litigation costs," said Moody's.

ArcelorMittal, based in Luxembourg and formed in 2006, lost $2.63 billion in the quarter, its fourth, after charges of $4.4 billion related to write-downs of inventory and raw material supply contracts, and provisions for staff cuts and litigation.

The generic drug industry was the most vocal in this category, arguing that CAMR's provisions expose them to many opportunities for litigation from the patent-holders, which would ultimately discourage them from participating in the initiative.

British banks alone have set aside an estimated £30bn for fines, provisions and litigation costs.

ABB had been expected to post a loss for 2001 after its announcement two weeks ago that it would nearly double its provisions for settlement costs in asbestos-related litigation in the United States.