Oireachtas Joint and Select Committees

Thursday, 1 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Ulster Bank

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I appreciate that. At least we are getting somewhere with figures. The 2,000 customers were subject to what I would describe as industry theft because that is what it is to me and to the ordinary person on the street. Mr. Mallon's bank wrongly took their money from them and will now be forced to give it back to them in a so-called redress scheme. It is industry language for what is going on here. To how many of the 2,000 customers has the bank written to tell them that the bank was in error in respect of tracker mortgage rates not being provided to them?