Results 7,401-7,420 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: I will ask the Senator to conclude. Time is up.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: How many cases for repossession does Bank of Ireland have before the courts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: While Ms McDonagh's colleagues seek that information, I ask her to indicate how many of those cases are also tied up with the tracker mortgage issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: How many cases does the bank have before the courts?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: I suggest that Ms McDonagh's colleague looks for the answers to my questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: How many cases does the bank have before the courts? How many of those cases are tied up with the tracker issue? What is the cost to the bank in legal fees of chasing these people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: That is not the information I have. I am sorry to interrupt Ms McDonagh but I, too, have limited time. As soon as she comes back with the figures I will deal with the rest of my question. On the tracker issue as it relates to Bank of Ireland staff, will Ms McDonagh tell us about the 200 tracker mortgage customers within the bank who have not yet been dealt with?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: I do not believe that is the case and nor do some of the staff employed in Bank of Ireland. In fact, at a previous meeting, I asked Mr. Liam McLoughlin a question about the position in 2010 and 5,100 people who had been put back on tracker mortgages. He replied that approximately 3,000 Bank of Ireland staff who were entitled to tracker mortgages were put back on tracker mortgages. The...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: I did not ask that question. I appreciate that Ms McDonagh has put her best foot forward here and wish both her and the bank well. I have correspondence from Bank of Ireland staff indicating that 200 customers are still contesting that they should be on a tracker rate. It is fine for Ms McDonagh to talk about the Central Bank and so forth. Does she know that there are 200-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: -----dissatisfied customers in the bank? What does she plan to do about it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: Excuse me. I ask members to stop talking. We will have one voice.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: There are 200 customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: Ms McDonagh cannot say the bank has identified them all.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: There are 200 people who are arguing with the bank about tracker mortgages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: As far as Ms McDonagh is concerned, the bank has completed its work, yet the 200 cases are still excluded. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: Do the 200 cases have anything to do with the mortgage accounts that were altered with an entry of product switch, which was done on 10 November 2008? That required an IT alteration or manual intervention to prevent the roll-over to a tracker. That happened. Has the bank established who authorised that intervention?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: It is not that they are conflating them but perhaps I am.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: The staff who were compensated signed the exact same document as the people who were impacted or believe they are impacted, but they were differentiated because of the rate they were on prior to entering the two-year fixed rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: The bank then informed others that they would be entitled to roll over to a tracker. There is evidence of that but the issue has not been sorted.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Bank of Ireland (5 Jul 2018)
John McGuinness: The bank is denying them the tracker then.