Sentence examples for provisions for payment from inspiring English sources

RBS, still 73 per cent owned by the taxpayer, took a hit of £2.5bn, including an extra £500m to top up provisions for payment protection insurance mis-selling by the retail bank to more than £4bn.

These included possible further provisions for payment protection insurance mis-selling, misselling interest swaps to small businesses and the sale of mortgage bonds in the run-up to the financial crisis.

The move, which requires former chief executive Eric Daniels to hand back 40% – or £580,000– of his £1.45m bonus, puts pressure on rival banks to take similar action for bonuses they awarded before being forced to make provisions for payment protection insurance.

Besides caps on awards, the White House wants the legislation to include provisions for payments over time, rather than in lump sums, and for juries to be informed if patients have other sources of compensation for an injury.

Last week he had to admit the bank's provision for payment protection insurance was rising again, to almost £10bn.

Horta-Osório quickly knocked a hole in first quarter profits, declaring a £3.2bn provision for payment protection insurance mis-selling.

Lloyds Banking Group lost 1.22p to 53.25p after it revealed a £570m annual loss, including another £1.5bn provision for payment protection mis-selling.

However, there was no new provision for payment protection insurance selling, a scandal which has so far cost the banking industry more than £30bn, and £16bn at Lloyds.

You need to check there is provision for payment of other benefits that have been agreed, such as an enhanced pension, car, private health cover, equity or share options, bonuses and commission payments.

Royal Bank of Scotland expects to take a multimillion-pound provision for payment protection insurance (PPI) mis-selling in the second quarter, it revealed today after reporting a loss for the first three months of 2011.

Shares in Lloyds fell 2% on Friday to 53p after the bank reported a £570m loss for 2012 – better than the loss in 2011 of £3.5bn – after being hit by another £1.5bn provision for payment protection insurance (PPI) compensation.