Topic filter : Contingent Liability

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Latest Finance News related to Contingent Liability

Brexit means taxpayers need to support supply chain, says Nissan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:56:52 PM
....“Our point has always been we believe we have to have a competitive business, and business propped up by grants or incentives is not a sustainable business. There is no side letter, no verbal assurances, there is no contingent liability in this letter. ...
Letter to Nissan about Brexit could be made public, MPs are told image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:36:20 PM
.... Labour has criticised the government for not releasing its letter to Nissan, insisting it could have done a secret deal with the company. The Office for Budget Responsibility (OBR) revealed last month that the government had refused to confirm whether any financial commitments were made to Nissan, although the head of the National Audit Office said earlier this week that he had read the letter and there was “no identifiable contingent liability”. ...
Italian banks are living on borrowed time … and money image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:30:32 PM
....Rowe’s logic seemed impeccable, so why didn’t the board curb Bolland’s enthusiasm? Swannell is staying until his successor is appointed, so there is still time for him to explain. Encouraging news: the UK did not incur an “identifiable contingent liability” when the government gave assurances to Nissan that the carmaker’s new investments in this country would not suffer after Brexit. ...
MP asks spending watchdog to investigate Nissan Brexit deal image
Source : Guardian [Read Article] Thursday 1st of December 2016 04:21:20 PM
....Tyrie said on Thursday he had written to Sir Amyas Morse, the head of the NAO, asking for auditors to get to the bottom of whether it might cost the taxpayer money. “The chancellor has not answered the crucial question: whether an assurance was given to Nissan which could constitute a contingent liability, or support consistent with the provisions of the Industrial Development Act 1982. ...
City news: Aggreko, Glaxo, WH Ireland and Sports Direct image
Source : Daily Express [Read Article] Friday 18th of December 2015 06:43:00 PM
....SHARES in broking and wealth management firm WH Ireland fell 11p to 89½p after it warned it faces a “substantial fine” from the City regulator following a review into its business. The company said that it “continues to discuss and is seeking to achieve a negotiated settlement” with the Financial Conduct Authority over a previously communicated “contingent liability”. ...
Greece bailout: Eurozone backs €7bn 'bridging loan' while ECB approves €900m liquidity lifeline to banks image
....The Eurogroup of finance ministers also released a statement confirming that they had agreed in principle to a €87bn third bailout for Greece which will cover the country’s financing needs over the next three years, in return for further reforms and austerity measures. The issue of channelling €7bn bridge funding for Athens over the next three months has been a domestic headache for the UK as it will be secured on the European Union budget, thus creating a contingent liability for British taxpayers. ...
Credit and loan agreement errors likely to trigger multimillion-pound payouts image
.... Now HSBC has revealed it is putting aside $367m (£218m) to cover interest refunds to some of its unsecured loan customers. It added: "There is uncertainty as to whether other technical requirements of the [act] have been met, for which we have assessed the contingent liability at up to $1bn [£590m]. ...
Could GlaxoSmithKline be Pfizer's Plan B? image
Source : Telegraph [Read Article] Friday 1st of August 2014 03:32:04 PM
.... . The ratings agency also cautioned that GSK's deal with Novartis created a "material contingent liability". ...

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