Results 16,521-16,540 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Did any of the 15 whose homes the bank took lose their homes after the Central Bank wrote to Ulster Bank about the examination in 2015?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: The Central Bank formally wrote to the bank about the examination in December 2015; did any individual lose their home subsequent to that date?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Did the bank issue any letters to the affected customers during that period suggesting that voluntary surrender would be their best option?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Customers are taking two legal challenges against the bank, which I presume it is going to defend robustly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: The bank states these are people who have been denied a tracker mortgage. Does the bank still believe they were not entitled to a tracker mortgage or are they people who were deemed to have been affected but may not be satisfied with the redress offered?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: There are two legal cases where a customer is claiming the right to a tracker. That would sound to me as if the bank is of the view that they do not have a right to a tracker. Is that the case or does the bank want to clarify that first?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Does Mr. Stanley believe that his bank broke the law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: That is a "No", is it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: It actually is the issue for many people because it goes to the heart of accountability too. AIB came before us yesterday and said it denied their customers’ their legal rights. It is clear it broke the law. It also said that there was ambiguity and all the rest but there were black and white issues there. Is Mr. Stanley telling me that in Ulster Bank there are no black and white...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Mr. Stanley is claiming today that everything the bank has done has been legal.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: That is Mr. Stanley's opinion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: I know that is the legal advice but is that Mr. Stanley's opinion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: The bank has made provision for €211 million. Does Mr. Stanley believe there will be any accountability – I am nearly laughing as I ask this question because I know this is not going to happen because accountability within the bank is bizarre but I will ask it anyway: does Mr. Stanley expect any accountability within the bank? Does he expect the bank to try to figure out why...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Mr. Stanley is arguing that the bank was within the law and it was just a big of vagueness and all the rest.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: The bank's information technology, IT, system is in a shambles. The Minister for Finance told us in response to my questions that its IT shambles is the reason Ulster Bank is not able to repay customers it wrongly took money from. I asked the Governor of the Central Bank, Philip Lane, is it the case that Ulster Bank's IT system is so bad that this is the problem and he said yes that is the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: Of course Mr. Stanley can.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: I want to pick up on the point the Chair raised about GRG. It is quite a while since I wrote to the Central Bank asking it to initiative an investigation into Ulster Bank on its handling of GRG, West Register and all the other issues we have raised. The momentum has increased as a result of what has been uncovered through a lot of campaigning in Britain. I have followed the matter quite...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: To think that this is the way that bankers behaved----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: -----it is appalling. A long time ago this committee tried to ascertain the accurate number of businesses affected. Many of the business owners have told me that they felt like they were on death row. As many as 2,141-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)
Pearse Doherty: -----Irish SMEs went onto death row or into GRG. We still have not got accurate information as to how many companies survived. Some claim that the number of companies is as low as six and Ulster Bank has said that it is no more than 100.