Results 20,881-20,900 of 26,666 for speaker:John McGuinness

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: Yes, but Ulster Bank Ireland is packaging them for the vultures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: I understand that but these are exceptional circumstances where Ulster Bank Ireland is about to sell loans, some of which are performing, and I am asking that in that instance, why not structure it in such a way that Ulster Bank Ireland allows the customer the chance of continuing on in the performing elements of his or her loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: I know they are buy to let categories but at the same time, there are families involved here and that is what I am thinking of. That is the difference between Ulster Bank Ireland and I. I am trying to establish what lengths Ulster Bank Ireland goes to in order to facilitate a family in a buy to let or in a private house to stay in that house.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: These figures would not suggest that. They are significant figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: It is also reflective of bad banking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: Bad banking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: Ulster Bank Ireland will not even call it the way it is. That is where my concern is with all this.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: No, the crash came first before the economy went down and Ulster Bank Ireland's bad banking decisions came before it turned down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: I would argue that the banks caused it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: They were careless and bad banking decisions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: They were careless and bad banking decisions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: On the sale of the loans and the future sales the witnesses will talk about, if there was an ethical fund, not a vulture fund but a not-for-profit organisation that was willing to engage with the bank to have those bad loans or mortgages transferred to it to keep people in their homes, would Ulster Bank Ireland exercise a preference to deal with those rather than with the vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: Would Ulster Bank Ireland throw them into competition with the vulture funds or would it say that the bank has a corporate social responsibility here and therefore decide to work with that particular fund because it is not-for-profit organisation and place it before its consideration of a vulture fund?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: They are specifics. The vulture will just take the whole loan for profit. It does not give a damn about regulation or anything else. The manner in which some of the vulture funds' agents are treating the people in this country is shocking and we are told constantly in these Houses and in this committee that the protection follows. It does not. They are a ruthless bunch who want nothing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: I want to touch on some of the other issues raised. On trackers, Ulster Bank Ireland says it has come to the end of that and it is dealing with it. Ulster Bank Ireland is confident that part of the history of the bank is almost over in terms of the solutions for customers and the payment of redress and so on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: What are the prospects for Ulster Bank Ireland? Does Ms Howard see it putting all this behind it, competing in the market and offering various other products and services?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: What was the profit last year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: On the European Central Bank and banking in general, Ulster Bank Ireland obviously keeps an eye on what goes on in Europe in the context of banking regulation. Do our guests see new European regulation coming in and being layered over domestic regulation? Do they see any difference in approach on the part of the European Central Bank or the policymakers in Europe to do things differently or...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

John McGuinness: I thank our guests for attending.

Saincheisteanna Tráthúla - Topical Issue Debate: Medicinal Products Availability (14 May 2019)

John McGuinness: John Holmes began to have investigations into his health in 2010 when it was established that he had cancer. From 2010 to today, he has been battling cancer. He has had chemotherapy and he has had various invasive surgeries. Professor John Crown has recommended that he undergo an aggressive form of chemotherapy. That has all happened and now it is being recommended that he be treated with...