Tuesday 24 January 2017

Years later, the bank finally owns up

Published 04/03/2016 | 02:30

Photo: PA
Photo: PA

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.

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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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