Results 16,381-16,400 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Of the 31.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: How many of the seven had private dwelling homes and lost the family home?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: I put it to the delegates that they have an onus to go through the process again. This is scandalous. There is a problem with how they designed the process. Outside the fact that many of their customers believe the other process is rigged and that they have not got a fair hearing, with regard to those who lost their homes, the delegates contend that the figure was €50,000. They...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Therefore, some of them have not even received the €50,000 cheque?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Mr. Mitchell says some of them may have emigrated; therefore, he is not even sure if they are receiving the letter of offer. Is that the point?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: With how many of the 31 customers who lost their homes is the bank sure it has made contact in the past two years? It appears that the bank is not even sure if it has made contact with certain customers who lost their homes as a result of its actions. With how many of the 31 customers can the delegates categorically tell the committee that the bank has been in contact? This is not rocket...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Has the bank made contact with those two customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Have they received letters?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Where does the issue of emigration and trying to locate people come into it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Does the bank have any intention to be proactive and offer compensation to the other 24 individuals who have not received any? Has it looked at the circumstances of customers and decided to make another offer to them or will it continue with a process that does not seem to be working? Is it trying to encourage people to avail of the appeals process, whereby, based on existing evidence, they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Do we have the information I requested earlier on the number of individuals who were entitled to go to the independent review panel, those who were in an advanced legal process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: That is 198 that were entitled and only 40 went. Sticking to that point, representatives of the bank have been before the committee on a number of occasions. One of those was on 22 November 2016. I am trying to add it all up. When Mr. Mitchell was asked by Deputy Sherlock at the time about repossessions or the numbers who lost their homes he said:The number who lost their homes was 58, 42...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Is it not the case that only those with a causal link are compensated with the €50,000?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: Therefore, any customer who lost their home, even if it was not as a result of being denied a tracker- mortgage, got the €50,000. That was up to a certain point and then the bank changed that policy. Is that the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: If I am a customer of Permanent TSB who has been deemed impacted by the bank and I have lost my home but did not get €50,000, should I be writing to the bank now and asking for the €50,000 or did the bank review that policy at a point in time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: The other question I have relates to the cost to the bank. The amount of money it took wrongly - redress, the witnesses call it - was €45 million and the compensation is €12 million. That includes advice fees, which brings it up to €57 million. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: This would have been on the same date in 2016 when I questioned representatives of the bank on this I was told that to that date approximately €80 million had been paid out. When I asked what the expectation of payout was, Mr. Mitchell told the committee that the bank had provided for €145 million. By 22 November 2016 the bank had paid out €80 million. Today in 2018 it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: The figure Mr. Mitchell has given us today is €57 million and that includes advice fees. What other costs are involved?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: The bank has 200 staff working on it, but the other banks are not doing that. Is that correct? I think we asked the other banks. The other banks, when they are giving us the provisions and how much this is costing, are not including their staff costs as a part of that because those staff are already working within the bank. However, Permanent TSB is including the salaries of the 200.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Permanent TSB (6 Feb 2018)
Pearse Doherty: What provision has been made within the bank? I presume the bank may have updated the provision, which the witnesses cannot disclose at this point. Is that correct?