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Banks have yet to heal the €60bn bailout wounds of a decade ago

Richard Curran


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Mortgages: Tánaiste Leo Varadkar sparked fury among bankers with comments on payment breaks. Photo: Gareth Chaney, Collins

Mortgages: Tánaiste Leo Varadkar sparked fury among bankers with comments on payment breaks. Photo: Gareth Chaney, Collins

Mortgages: Tánaiste Leo Varadkar sparked fury among bankers with comments on payment breaks. Photo: Gareth Chaney, Collins

A decade after a €60bn taxpayer bailout of the country's main banks, we still have a problem with trust when it comes to how they operate in good times and in bad.

The tracker mortgage scandal, (which still rumbles on with the discovery of another 1,100 customers over-charged on mortgages at AIB), was supposed to be a watershed moment in a new relationship between the banks, their customers, regulators and government.

The latest flashpoint has been the application of accrued interest on mortgages and other loans that avail of payment breaks due to the coronavirus crisis.