Sentences with phrase «provisions for credit»

The guidance in FACTA builds on provisions for credit reporting that are found in the Fair Credit Reporting Act (FCRA), and it implements...

However, all of the leading card issuers are overhauling their pricing models to address new card legislation as well as huge increases in charge offs and provisions for credit losses.

Core bank provisions for credit losses were down by a third to just under $ 1.5 billion.

Compared to the prior quarter, common shareholders» net income from Continuing Operations, diluted earnings per common share and adjusted cash earnings per common share were each down 38 % primarily due to the impact of higher provisions for credit losses.

Net interest income and non-interest income both increased 7 %; however, the combined impact of moderate growth of non-interest expenses, increased provisions for credit losses, acquisition - related fair value changes and higher preferred share dividends resulted in lower earnings.

Although credit quality outside of CWB's portfolio of oil and gas loans remained stable, higher provisions for credit losses resulted from losses recorded against oil and gas loans.

These positive earnings drivers were more than offset by the combined impact of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline in net interest margin, moderate growth of non-interest expenses, the addition of acquisition - related contingent consideration fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax rate in Alberta.

Common shareholders» net income from Continuing Operations of $ 32.2 million was down 37 % compared to the same quarter in 2015, primarily due to total pre-tax provisions for credit losses of $ 39.7 million, up from $ 7.4 million last year.

John Aiken, an analyst with Barclays in Toronto, said the new standard helped CIBC in the latest quarter, with provisions for credit losses dropping to $ 153 million from $ 212 million a year ago.

CIBC said its provision for credit losses in quarter were $ 330 million compared with $ 265 million in the same quarter last year.

Results also reflect strong credit quality, with a provision for credit loss (PCL) ratio of 0.24 %, and the positive impact of foreign exchange translation.

A second - quarter earnings report indicated that Equitable's provision for credit losses was less than one basis point of its mortgage portfolio.

In addition, our provision for credit losses (PCL) ratio of 0.29 % was up 5 basis points (bps) primarily as a result of the low oil price environment.

Earnings growth primarily resulted from higher net interest income and lower preferred share dividends, partly offset by lower non-interest income, increased non-interest expenses and a marginally higher provision for credit losses.

The annual provision for credit losses was at the low end of management's target range reflecting ongoing stable credit quality.

Not exact matches

It's WestJet's policy not to oversell flights intentionally, but the CTA ruling said the airline must remove a provision that exempts it from liability in the event customers are bumped anyway — whether or not it happens for reasons outside WestJet's control or if the airline gives a passenger a travel credit or full refund.

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

That provision puts 2U a step ahead of other education start - ups, such as Coursera, whose courses are not currently eligible for credit.

The credit has been extended 16 times since 1981, but it would cost the federal government more than $ 22 billion over the next 10 years, and it is the most expensive of the tax provisions being considered for renewal, says Rosenberg.

Shares underlying stock options and stock appreciation rights that so become available being credited to the 2013 Plan share reserve on a one - for - one basis, and Shares subject to other types of equity awards (i.e., full value awards), being credited to the 2013 Plan share reserve on a 2.15 - for - one basis; provided, however, that no more than 54,332,000 Shares may be added to the 2013 Plan pursuant to this provision.

Most major tax breaks for individuals — the charitable deduction, retirement incentives like 401 (k) and IRA provisions, the tax exclusion for employer - provided health care, the earned income tax credit, and the child and dependent care tax credit — would not be cut.

Another side effect of the BEAT provision is that investors in existing tax equity deals are at risk for tax credits that are «clawed back» under the new tax.

Due to the large number of these provisions, it's probably a good idea to hold off on filing your return if it includes any item that would have qualified for a deduction or credit that expired at the end of 2016, until you can determine whether that item was extended — and whether the IRS is ready to accept a return claiming that tax benefit.

ALSA included provisions (sections 45 - 47) enabling the creation of regulations to establish offsetting, including even a system for a market exchange in offset credits.

A nontax provision extended «economic recovery payments» to certain individuals who did not qualify for the Making Work Pay credit.

Such credits are accounted for within the tax provision, in the year in which the expenditures were incurred.

Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and restructuring expenses).

RBI TIGHTENS CREDIT - PROVISIONING NORMS FOR INDIAN BANKS By Aaron Chaze As growth slows in India, the central bank is pushing banks to prepare for higher credit CREDIT - PROVISIONING NORMS FOR INDIAN BANKS By Aaron Chaze As growth slows in India, the central bank is pushing banks to prepare for higher credit cosFOR INDIAN BANKS By Aaron Chaze As growth slows in India, the central bank is pushing banks to prepare for higher credit cosfor higher credit credit costs.

One of the greatest challenges for policyholders is in trade credit policy provisions that void coverage ab initio where a policyholder allegedly made misrepresentations in the application for insurance.

One of the greatest challenges for policyholders is in trade credit policy provisions that void coverage

Importantly, reconciliation legislation can include provisions with costs, such as tax credits for health insurance or other tax and spending policies replacing Obamacare, as long as the net effect of the bill complies with the reconciliation instructions and does not increase the deficit beyond the budget window.

Such a provision will not be introduced before 2018 to allow time for development and to ensure it interacts appropriately with the new Universal Credit system.

General Business Credit Carryback: This provision would allow businesses to continue to carryback (i.e., count against profits from previous years) general business credits for up to five years.

The new minimum wage tax credit, by contrast, has no caps for employers or the state, is open to any business large or small, and doesn't contain a provision to make information public.

A third bill — extending mayoral control for up to five years — would create the education tax credit, a provision aimed at spurring donations that aid private and parochial schools.

Cuomo this month re-named the bill the Parental Choice in Education Act, which also includes tax credit provisions for teachers who purchase school supplies.

One bill would provide for a five - year extension of the program, with the trade off being the creation of an education tax credit meant to spur donations that benefit private and parochial schools — a provision staunchly opposed by teachers unions.

The provision takes the total available credit for filming in upstate counties to 40 percent, without altering the cost of the original credit program for taxpayers.

The Farmer Service Centre is a one stop shop for the provision of Farmer services, produce marketing, mechanization, fertilizer distribution and provision of credit facilities among others to farmers.

The provision would take the total available credit for filming in upstate counties to 40 percent, without altering the cost of the original credit program for taxpayers.

They also removed a provision that allowed subsequent buyers of the home from getting the credit even if they didn't make any improvements for accessibility.

In a Nov. 15 letter to Speaker Paul Ryan, R - Wis., and Minority Leader Nancy Pelosi, D - Calif., a broad array of scientific and engineering societies called on House leaders to drop provisions in the tax bill (H.R. 1) that would eliminate tax credits, known as the Lifetime Learning Credit and the Hope Scholarship Credit, that alleviate the financial strain of higher education by providing a dollar - for - dollar reduction in the income tax liability of eligible students.

-- Nothing in this section or title V shall be construed as requiring termination of operations of a stationary source that is a covered entity for failure to have an approved permit, or compliance plan, that is consistent with the requirements in the second and fifth sentences of subsection (a) concerning the holding of allowances or offset credits, except that any such covered entity may be subject to the applicable enforcement provision of section 113.

-- For international offset credits sold pursuant to this subsection, notwithstanding section 3302 of title 31, United States Code, or any other provision of law, within 90 days of receipt, the United States shall transfer the proceeds from the auction, as defined in paragraph (1)(D), to the entity that offered the international offset credits for saFor international offset credits sold pursuant to this subsection, notwithstanding section 3302 of title 31, United States Code, or any other provision of law, within 90 days of receipt, the United States shall transfer the proceeds from the auction, as defined in paragraph (1)(D), to the entity that offered the international offset credits for safor sale.

(ii) Insurance that provides for purchase and provision to the Secretary for retirement of a quantity of offset credits or emission allowances equal in number to the tons of carbon dioxide equivalents of greenhouse gas emissions released due to reversal.

(B) provisions to require emission allowances or offset credits to be held in amounts to fully compensate for greenhouse gas emissions attributable to reversals, and to assign responsibility for holding such emission allowances; and

«(B) Insurance that provides for purchase and provision to the Administrator for retirement of an amount of offset credits or emission allowances equal in number to the tons of carbon dioxide equivalents of greenhouse gas emissions released due to reversal.

-- For each offset practice type within an offset project, the Secretary shall specify a crediting period, and establish provisions for reenrollment for a subsequent crediting period, in accordance with this subsectiFor each offset practice type within an offset project, the Secretary shall specify a crediting period, and establish provisions for reenrollment for a subsequent crediting period, in accordance with this subsectifor reenrollment for a subsequent crediting period, in accordance with this subsectifor a subsequent crediting period, in accordance with this subsection.

-- If the Administrator determines that the provisions of this section regarding banking, allowance rollover, or destruction offset credits create a significant potential for inconsistency with the requirements of any applicable international agreement to which the United States is a party or otherwise adheres, the Administrator may promulgate regulations restricting the availability of banking, allowance rollover, or destruction offset credits to the extent necessary to avoid such inconsistency.

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