Results 8,741-8,760 of 26,737 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: I am only giving examples out of quite a number of emails.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: While I may be addressing one particular email, I am telling the witnesses there is a significant number of emails that tell the same tale. Otherwise I would not raise it here.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: I am saying, as an extension of this, Ulster Bank should apologise to the customers who have not been contacted and who, for health and other reasons, contacted the bank and got an assurance they would be given priority but still have not had contact from the bank. What is happening in the bank? What is happening that all of these questions are still being raised legitimately by a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Has the bank changed the contract?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: This person writes to say, with regard to the fixed rate agreement for the Ulster Bank home loan, that the original mortgage contract referred very plainly in section 2 to the Ulster Bank home loan rate as the ECB rate plus 0.85% for the life of the mortgage. This was also provided for by the bank official at the time. It goes on to talk about-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Yes, that is a different matter. It goes on to talk about the changes that were made in the contract itself. The offer to return the mortgage to Ulster Bank at the original ECB rate was happily accepted, but the terms and conditions in the contract, for example that the tracker was for the life of the mortgage, have been changed.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: We will give this to Mr. Stanley.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Yes. What about the switchers? Was that the full answer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: What about First Active?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Is there a customer base there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: I ask Mr. Stanley to address the First Active customer base.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Are there trackers there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Have they been notified?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: A question was raised by Senator Paddy Burke on the earlier meeting with the Vice-President of the European Commission. The note Senator Burke referred to was on encouraging and continuing a more durable reduction in non-performing loans through resolution strategies that involve write-offs for viable businesses and households, with a special emphasis on resolving long-term arrears. That is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: -----the code on the treatment of customers-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: -----as the loans go on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: I want the bank, as it sells the loans, to ensure that does not happen. I have given an example already in terms of the case concerning the individual who wrote to us. All of this brings me to the global restructuring group, GRG, and I know Mr. Stanley may not wish to comment. Of all of the banks to have come before the committee, Ulster Bank has offered the excuse of the closed period...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
John McGuinness: We are also aware of what happened in the banks and how distressed the banks became.