Bank of Ireland to be hit with major fine over tracker scandal

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The Central Bank will issue a multi-million euro fine to Bank of Ireland for its role in the tracker scandal. The exact amount will be revealed on Thursday, but the lender has already set aside €120 million to deal with tracker issues

The Central Bank will issue a multi-million euro fine to Bank of Ireland for its role in the tracker scandal.

The exact amount will be revealed tomorrow, but the lender has already set aside €120 million to deal with tracker issues. The scandal arose when customers were either denied a cheap tracker mortgage rate, or charged the wrong price entirely. This resulted in thousands of people paying higher mortgages than they should have, with dozens ...

 

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And they’ve just paid their state shareholder off. disappointment

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