Central Bank fines KBC €18m over trackers

Put the directors and senior management into a catch-22.
Either they didn't know what was happening, and should have, and so are unfit to act, or they did know what was happening, and did nothing to stop it, and so are unfit. Either way, they get kicked out and barred.
 
Hi , I am new on this. I think it's great that there has been a fine for KBC, however it is little solace to me. I have been caught up in this mess with them for over 10 years, starting out on a fixed rate in 2006 and when it expired, I was automatically put on a high variable rate and have been ever since. On a number of occasions, I have asked about what fixed options I may have but as I am in 'negative equity' they dont even listen to me. I have somehow managed to keep my re[payments up todate to the detriment of my health and family life.

This fine means nothing to me as they are certainly not listening to me or many like me. My case is being looked after by an advisor who is now dealing with this on my behalf and is of the view that I have a good case for the tracker redress. It is however taking an inordinate length of time and at times I ask myself , is it worth it atall. I really hope that this matter is dealt with soon.
 
I am rather surprised that very little was mentioned about Padraic Kissane. ('PK')
I seem to recall that KBC indicated that they had no cases at an early stage, none at all.

When PK went knocking on the KBC door about the 'flyer' issue a number of contributors here were so skeptical that visit to psychiatrist was hinted at.

This was well before CBI 'engaged' and it was on PK submissions they acted on as he had more cases of similar facts than any other being on the planet.

Noting the departure of Governor Lane - a really good man - I see that the CBI have not acknowledged his work since Mr Lane's departure or their own vast shortcomings.

Anyone that got their KBC mortgage back on tracker owe Mr Kissane a kiss on the cheeks. That would go a long way.
 
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