Results 7,621-7,640 of 26,465 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: So they will just have to continue to wait.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Mr. Stanley told us that he had spoken to Padraic Kissane or that he had been on about the First Active tracker loan. Is there not one in that cohort who has been impacted?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: In the context of the conversation with Padraic Kissane, who has appeared before the committee a number of times, does Mr. Stanley not accept any of the argument he puts forward on these cases?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Even though he would point out-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: -----that by fixing the interest rate on a loan, the customer will lose the right to go back to a tracker, in order to transfer the transfer the tracker mortgage product and so on and it is referred to as tracker mortgage, all of this goes on, the bank has still-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Let me put down a marker on this. I would like Mr. Stanley to provide an explanation related to what we can call the First Active cohort. Relative to the case being made by Padraic Kissane, in general terms, and Mr. Stanley's explanation as to why that cohort given their introduction through First Active and how they were set up, the contracts and so on, I ask Mr. Stanley to give us the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: I would be grateful if he could do that for us.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: I turn to the bank's sale. Mr. Stanley has said there are 3,600 PDH loans for sale and then buy-to-let mortgages. I was struck about his comment about moral hazard. I did not think any banker ever used the word "moral". It baffles me as to how he can say that and at the same time sell these loans to vulture funds which have absolutely no regard for the rights of the individual. I want to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Okay. They travel to the service provider. However, in reality that does not happen.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: I know that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: However, the vultures, the greedy group behind these agents, are not regulated. They dictate to the agents what they can and cannot do. Even though Ulster Bank has customers who could possibly afford their loan, should they be written down and perhaps not even by as much as the vulture fund sale price, the bank is not willing to talk to them. Mr. Stanley and his bank are presenting the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: No. Answer the question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Has Ulster Bank been in touch with iCare or with David Hall?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: In having those conversations with that entity and perhaps others doing similar work that are charities, will the bank be in a position to take out some of those loans in order that such entities with charitable status might be able to take them on? Will the bank be going through that process with them?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: There are still options.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: In terms of the 3,600 and the 2,900 buy-to-lets, Mr. Stanley said to Senator Kieran O'Donnell that the bank would be notifying those people.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Yes, but will the bank be telling them some time before the sale? In other words, will the bank be alerting them to this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Before the sale is what I am interested in.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: Will the period before the sale be generous enough to allow them either to engage directly with the bank or to otherwise engage with David Hall, iCare or whoever it might be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank (19 Jun 2018) John McGuinness: No.