Results 17,901-17,920 of 35,756 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: We are now into September 2017, and Mr. Mitchell is telling me the bank does not have the capacity or expertise, or has not selected resources, to focus on the fact the bank has again taking money wrongly from its customers, 125 of them in this case, who have still not been put onto the appropriate tracker rate, never mind being offered or being told they will get so much money back because...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: When will the bank write to each one of those customers and inform them of how much money the bank has taken wrongly from their accounts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I welcome the write-off announcements in terms of buy-to-let. We focus on the negative here, but there are positives in the bank, and I acknowledge this, with regard to writing off residual debt in buy-to-let. The banks need to get real and get to an end line on the problems in terms of residual debt. How many individuals does the bank expect to take up this offer? How many have taken it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: And residual debt.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Will the witness indicate when Permanent TSB would be in a position to announce its agreement, hopefully with its preferred partner, around a new ramped up, revamped mortgage-to-rent proposal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I thank the witness.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I thank the Chairman for his indulgence. I want to confirm that the figure presented prior to this committee meeting is the same. The witnesses have suggested there are a further 579 tracker mortgages entitled to redress on top of the 1,372 cases. Mr. Masding informed the committee that 22 individuals had lost their homes as a result of the tracker mortgage scandal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Will Mr. Masding answer the following questions on that? Is the figure still 22 or have others now lost their homes from the identification of a further 579 cases? Has the bank given back any of the houses or did it still hold the homes at the time of identifying that these people had lost their homes? How did the bank address the position whereby the bank was responsible for a number of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I presume the tracker rate is possibly the 3.25% rate discussed and mentioned by Deputy Michael McGrath and the Chairman.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: The witness mentioned the figure is low. Are we looking at between five and ten or above ten?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I do not know how we will address the matter as we all know nobody will be held accountable in any of the banks for this. It will be explained as a systems failure, as everything is that happens in the banks. People lose money and their house and people take their own lives arising from decisions taken by bankers and explained as a systems failure. It is what really infuriates me. The...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I thank the witnesses for coming before the committee. We were very eager to have KBC before the committee and I am glad that KBC has been able to facilitate that. I am the finance spokesperson for my party. In his opening statement, Mr. Verbraeken referred to some of issues and the difficulties in terms of switching. KBC has great offers in terms of the reductions in interest rates for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Everybody that the witness is certain has been affected has been put back onto tracker rates and told they are part of the review.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Have individuals who the witness is certain have been affected been issued with redress letters?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: In view of the witness's failure to give us the relevant information we have to rely on unverified information from individuals working on behalf of customers that indicates 1,000 of the bank's customers are likely to have been affected by the mortgage tracker scandal, some of whom have been contacted by KBC to reinstate them onto a tracker rate or not. Have any individuals the bank has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: Has the bank verified any customer of the bank who has lost his or her home as a result of the tracker mortgage issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: As the bank has determined that some people have lost their homes, what does the witness say to such individuals, husbands, wives and children who have lost their home as a result of the bank's action but have not received any letter on how their situation will be rectified, although losing one's home can never be rectified, and have not received any offer from KBC trying to address the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I appreciate that. However, the witness cannot tell the committee or people watching these proceedings who may have lost their homes when they will receive communication from the bank to say when the bank will right that wrong. Is there no hope or relief the witness can give them that they will be at least prioritised and will receive communication from the bank before Christmas or can the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: I appreciate what the witness is saying in regard to a new board now being in place and that current management was possibly not in place when those decisions were taken but, given the witness's failure to offer any timeframe for the bank communicating with individuals the witness knows his bank caused to lose their home, I find it difficult to believe the bank is in any way really grasping...