R
rodger
Guest
I see Aib and PTSB introducing redress schemes. I even hear mention of Kbc.
But what about BOI?
What are they doing?
But what about BOI?
What are they doing?
OK. I wonder where he got the estimate from?"Financial services broker Padraig Kissane, who has pursued cases with the banks on behalf of borrowers, has estimated that about 3,300 customer accounts are affected at Bank of Ireland, including about 1,800 staff, and around 3,000 at AIB. "
Couldn't agree more Gerry, its completely unfair, they can do as they please and we will always be there to bail them out when they need it.todo.
BOI don,t feel the need, because their co-incompentants and friends in Central Bank shield them, as they have shielded them for years , whilst pretending they are all really consumer focussed..
BOI and most Banks are largely aided by anyone who still believe Banks have anything approximating to a moral compass, (and that includes posters.)
It continues to astound me on posts that say things like (do banks not realise ) etc. Of course they do and rely on our thought that they are honourable to lull us into accepting them.
It is sad but Banks must not be trusted, and BOI are to be the tracker checkers ! .
Padraig Kissane , would be redundant if there was a semblance of equity in Banking.
In July AIB confirmed they have around 3000 cases and have started contacting customers - they also added an extra 85m provision to cover the redress in addition to 102m they already had set aside.OK. I wonder where he got the estimate from?
ptsb had 1200 customers affected but had a much more systemic issue - a supposed computer glitch which allowed people out of their fixed rate early at no cost.
I am not aware of any similar problem at AIB or BoI.
It could probably be estimated by the provisions they have made in their accounts for the cost of the redress scheme.
Brendan
There are enforcement actions taking place against ptsb and Ulster Bank by the Central Bank. The Central Bank takes ages to bring these to conclusions. They will probably reach a settlement rather than have a public hearing.Another aspect of this investigation is the extraordinary result that all lenders are guilty of some messing with their customers but not one senior manager has been held accountable as yet and this is the aspect of the investigation that is not taking place.