Left ‘high and dry’
The Central Bank has levied a record €37.8 million fine on Ulster Bank for its use of “deliberate” strategies which caused borrowers to be overcharged on their mortgages during the financial crisis. The safeguarding authority found that the bank had also only rectified matters for those borrowers that complained. The fine is the largest ever penalty levied against […]
It is no surprise that Ulster Bank is finally winding down and exiting the Irish market. The Bank has shown great commitment to Ireland and to maintaining an active presence in the Irish banking market, especially over the last decade. It has invested serious capital in writing-off losses, in technology and in corporate restructuring. The […]