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Bank shouldn't have role in compensation panels

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PTSB chief executive Jeremy Masding (left), who has faced calls for his resignation, yesterday repeated his apology for the failures of the bank

PTSB chief executive Jeremy Masding (left), who has faced calls for his resignation, yesterday repeated his apology for the failures of the bank

PTSB chief executive Jeremy Masding (left), who has faced calls for his resignation, yesterday repeated his apology for the failures of the bank

If anything, confusion has increased since Tuesday when Permanent TSB first announced a scheme to compensate customers caught up in its overcharging scandal.

The bank now insists that a "derisory" compensation offer of €50,000 for customers who had lost their homes because of its actions was never intended to be a full and final settlement for customers.


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