Thursday 25 May 2017

Years later, the bank finally owns up

Photo: PA
Photo: PA
Charlie Weston

Charlie Weston

The capacity of bankers to engender visceral anger in the population of this country knows no bounds. The latest example of banking skulduggery comes from AIB, a bank that we taxpayers have had to stump up €21.8bn to bail out.

The bank has been denying for ages that it has wrongfully refused its customers good value tracker mortgages.

As many as 3,000 families may have paid up to €6,000 more a year than they should have because the bank would not allow them revert to a tracker when they opted for a fixed rate for a period.

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