Thursday 02, August 2012 by Robin Amlôt
Visa posts strong fiscal Q3 2012, authorises $1bn share repurchase programme
Visa Inc.reported a net loss of $1.8 billion, inclusive of a litigation provision of $4.1 billion, related to the previously announced settlement agreement in the Multi-District Litigation case. Visa's share will be paid from a previously funded litigation escrow account established pursuant to the company's Retrospective Responsibility Plan.
