Results 16,681-16,700 of 35,756 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Will Mr. Byrne explain that to me? Is that the end of the first or second fixed period?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: If somebody fixed for a second period, for five years, it is five years beyond when they chose to fix the second time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Returning to my question, was every single one of the customers who had a contractual right to be offered a tracker rate after October 2008 denied the option of a tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Is Mr. Byrne saying that the circa 900 customers who had a tracker rate switched to a fixed rate when trackers were withdrawn, they did not have a contractual right but there were communication issues?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: What category do the 3,509 customers fall into?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: So that category included 600 people.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Can I presume that many other people took out trackers at the same time under the same condition who got back on to their trackers? Did AIB stop every single one of them in that category getting back on to their trackers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Was every single person in that category denied a tracker rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: I listened to what Mr. Byrne said about the reasons and how the bank responded. To tell the truth, my blood pressure continued to increase because I simply do not believe what I heard. I do not believe that IT systems can be blamed and that the effects were not considered at the time. I know Mr. Byrne was not there at the time but I want to tell him that I believe that it was not just an...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: When the Central Bank wrote to the CEO of AIB in 2010 on the tracker issues, what did the bank find? Who conducted the examination? How did AIB ignore the fact that 9,348 of its customers were contractually denied their legal entitlement?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: It is important to look at the issue, as I understand it, that was under the scope in 2010. My colleague, Mr. O'Keeffe, will comment.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Mr. Byrne, when customers approached and argued with AIB that it had done them wrong, did any of those customers come from the category of individuals who had a contractual obligation? AIB now recognises that those people had a contractual obligation under law but AIB denied them that right at the time.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: What is the answer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: I am aware of that, in terms of 2015. AIB deserves a pat on the back for finally taking action in 2015 on the EBS stuff and at a time when the courts had decided that banks - AIB's competitors - were wrong and were involved in what I would call "grand theft" of their customers. I shall return to discussing the customers who came knocking on the door of AIB. They told AIB that they...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Does Mr. Byrne believe that the original decisions made by AIB were wrong? Are they admitting that the original decisions were wrong?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: We are dealing with AIB here but all of the banks are the bloody same. All of them did the same. None of these 9,000 customers ended up better off with more money in their pockets. They were not granted additional houses. AIB took the houses off them. This committee will hear from the Bank of Ireland that it did the exact same thing. We are supposed to believe that this issue arose due...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: How many legal cases are against AIB relating to this? These are just numbers. How many legal cases is AIB facing relating to the tracker mortgage issue? How many notices of legal action has AIB been given?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: I am going to ask Mr. Byrne questions that the committee already asked him. In my view, we have not been given the information. The question concerns the number of legal cases currently involving the lender and trackers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: What are the number of homes repossessed by the bank that should not have been repossessed of which the bank still has ownership?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Allied Irish Banks (23 Jan 2018)
Pearse Doherty: Voluntarily surrendered. How many of them does the bank still have a hold of?