Results 13,241-13,260 of 26,037 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: It is a very high figure. What is the total number of staff? How many staff would have mortgages from Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: It appears to be a very high figure. Many of the trends coming through here are almost identical to those in AIB. It is virtually the same number. There is the same number of customers brought in at the end. AIB brought in a large segment as well. The two banks have provided roughly the same provision. Bank of Ireland is providing up to €200 million-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: AIB is providing €190 million. Both banks discontinued the trackers at the same time. Ms McDonagh was head of retail banking in HSBC in the UK and Europe. Was she surprised when she arrived at how the tracker issue had been dealt with? She might elaborate on that in the context of her comment that the bank should have dealt with it quicker. I am paraphrasing, but that is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Of the 6,000 customers, some 1,850 - nearly one third - were members of staff. Is it not an indictment of Bank of Ireland as an institution that to a certain extent it had to be dragged kicking and screaming to include the 6,000 customers, of whom nearly one third were staff, in the redress scheme?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: I have further questions. Of the €68 million that has been paid out so far, what is the breakdown between redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: The average for redress is about 13%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: What is the maximum payment that Bank of Ireland has paid in redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Would Ms McDonagh give a breakdown between redress and compensation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Was that paid to somebody who lost his or her home?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Of the 9,400 customers in total, how many remain to be paid under the redress and compensation scheme?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: As a rough rule of thumb, some 3,400 customers have yet to be paid under the redress and compensation scheme. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Have all customers received the letter?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: When does Ms McDonagh expect to have paid out full redress and compensation to all affected mortgage customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Am I correct in saying that originally, Bank of Ireland gave a commitment to the Central Bank of Ireland that it expected to have virtually all customers sorted out by the end of the year 2017?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Why were those 6,000 customers not identified in the initial trawl by Bank of Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Were these down to the specifics of the legal contracts? Ms McDonagh has told me who the 6,000 were, but precisely why was the bank initially stating they were not covered?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: Ms McDonagh is saying there could be two customers with an identical situation, one who took out a mortgage before 2006 and one who took out a mortgage after that, and the bank, on a technical decision, deprived people of their own money that had been taken by the bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Bank of Ireland (30 Jan 2018)
Kieran O'Donnell: No, it is a very factual point. This is the problem. The Irish public put billions into Bank of Ireland. If an individual owed money to Bank of Ireland for a mortgage, and I was in practice for years, the bank took on those customers. It was there to collect the money. I find it incredible with regard to these 6,000 customers. The bank was clearly fighting with the Central Bank before...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)
Kieran O'Donnell: I welcome Mr. Tang and Mr. Lamassoure. I attended the Committee on Economic and Monetary Affairs on 10 October when representatives from finance committees in Europe were brought into a forum. Both witnesses made presentations on the day. I felt that Mr. Tang in particular did not have a full perspective on what Ireland has to offer so I encouraged both witnesses to come before the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Common Consolidated Corporate Tax Base: Discussion (25 Jan 2018)
Kieran O'Donnell: In fact, I woke up to hear him.