Hi all
"MANUFACTURING"
I believe this statement is of critical importance in the wider aspect of the CB Tracker Investigation. The rates being attempted by PTSB are "manufactured" as are the rates being attempted by AIB which started with ECB plus 4.97% on cases I was dealing with some years ago. I have always claimed these rates are "manufactured" and I find it refreshing (notwithstanding the wrong done by Ulster bank to their customers) that at least one bank has agreed to stop the wrongdoing and not to continue it in another guise as is being attempted by both PTSB and AIB. The deliberate nature of what has occurred will come out eventually across all lenders, that is my intention. Padraic
Their were no systems errors, it came straight from the board room table.
I doubt that's it - haven't UB already incorporated a faily substantial provision in their accounts to deal with their "legacy issues"?
Did Ulster have any fixed rate contracts that provided for a roll-off rate at a "prevailing" tracker rate? If they don't have to deal with this issue then I'm not sure I would be praising UB for criticising their competitors' decisions in this regard - it's a bit of a cheap shot.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?