Finance Minister To Meet Bank Bosses Over Tracker Mortgage Scandal

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Finance Minister To Meet Bank Bosses Over Tracker Mortgage Scandal


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The bosses of the country's biggest banks have been summoned to a meeting with the Finance Minister over the tracker mortgage scandal.

An investigation is continuing after it emerged banks illegally took thousands of customers off the rates - with the financial stress causing many health concerns.

Paschal Donohoe will meet the bosses of Bank of Ireland, AIB, Ulster Bank, PTSB and KBC on Monday and Wednesday next week.

The governor of the Central Bank is also due before the Oireachtas tomorrow morning.

Taoiseach Leo Varadkar said "people affected should have had their tracker mortgage restored by now and should also have been compensated".

Ger Deering, the Financial Services Ombudsman, doesn't think people can ever be "properly compensated" for what was done to them, adding that "those scenarios are so damaging to people's lives".


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