Friday 2 December 2016

It's 2015, not 2007 - we won't stand for PTSB boss Masding's posturing

Published 30/07/2015 | 02:30

Jeremy Masding, Group Chief Executive of Permanent TSB, at a press conference on Tuesday
Jeremy Masding, Group Chief Executive of Permanent TSB, at a press conference on Tuesday

Excuse me while I check the date. Yes, we're more than halfway through 2015. So why are we forced to witness behaviour from a senior banker which smacks of the gung-ho days of 2007? Why are we forced to listen to him refusing to be held accountable for significant shortcomings on his watch, when three-quarters of the institution he runs is State-owned?

  • Go To

Permanent TSB's management wronged a number of its customers, and tried to avoid fixing mistakes by going to court. All the way to the steps of the Supreme Court, in fact. Some borrowers lost their homes as a result of being overcharged by the bank.

Yet even now, the bank's group chief executive is attempting to shrug off the overcharging and other deficiencies as an anonymous malfunction for which nobody is really responsible. It just seemed to happen somehow.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice