Ulster Bank still overcharges 2,000 victims of loan scandal

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Compensation for 10,000 as tracker loan scandal likely to cost banks 1bn. aib has around 3,000 tracker-denial cases, with 2,000 at Ulster Bank. Permanent TSB has had to compensate 1,400 customers over the tracker scandal. Its subsidiary, Springboard, was fined earlier this month over the issue.

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The mistake affected major financial institutions including ulster Bank, Bank of Ireland. about the tracker mortgage scandal. A proposed Irish Banking Standards Board will be discussed, as well as.

Royal Bank of Scotland is set to pay the final installment of its £163billion emergency loans, underwritten by British and. compared to £458million, but Ireland’s Ulster Bank still faces.

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The scandal, launched in a desperate bid to prevent RBS from total collapse during the financial crisis, just before it was saved by Government ownership in 2008, continued for several years after the bailout and a legal mopping-up exercise is still going on. It has led to homelessness, marriage breakdown, mental breakdown and suicides.

Ulster Bank details pain of tracker loan scandal. Yesterday’s Committee heard that less than 100 of the 2,141 Irish SMEs which entered the GRG survived the process and 90% of the loans inherited by the bank were sold to vulture funds.

Ulster Bank plunges amid 192m charge to resolve customer overcharging. 16 per cent of the bank’s total loan book.. in December that Ulster Bank may report an additional 2,000 to 3,000.

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