The former property devleoper filed for bankruptcy at a Connecticut court on Friday, citing assets of between $1 – 10 million and debts in the region of $500 million – $1 billion.
Mortgage customers at the bank were under-charged in recent years resulting in the shortfall that will now need to be repaid by these customers. The bank has apologised.
The robbery, which took place at 3.20pm, led to what Gardai are describing as an insignificant amount of money being taken. Some of the cash has since been recovered.
Banking group Royal Bank of Scotland said the cost of cleaning up the Ulster Bank technical ‘glitch’ – including redress to customers – would cost stg£28m (€35.5m).
Interim results report clarifies the amount being earmarked for both redress for beleaguered Ulster Bank customers in Ireland and the costs associated with dealing with the system failure.
Legislation restricts the Financial Services Ombudsman from dealing with any complaints from non-Ulster Bank customers who were affected by the ‘technical glitch’.
INDEPENDENT TD MICK Wallace is to file a complaint about the Minister for Justice’s use of information on RTÉ’s Prime Time last week.
Alan Shatter said on live television that the Wexford deputy benefited from garda discretion when he was cautioned for using a mobile phone – but not given penalty points. Wallace insists he is not aware of such an incident.
Shatter has stood by his remarks and he has also been backed by the Taoiseach who said that “people can’t have it both ways”. “You cannot be saying no discretion and at the same time availing of discretion.”
Labour Deputy Kevin Humphreys told Newstalk Breakfast this morning that he thought making the remarks was “poor judgement” on the minister’s part. He called on Shatter to explain how he received the information. Others have claimed the information could have been made public in a different manner, and not on live television without giving Wallace prior warning.
In today’s poll, we ask: Should Alan Shatter have made his comments about Mick Wallace on Prime Time?
Sunny intervals with a shower in places
Max: 16 °C
Min: 7 °C
Partial sunshine
Max: 15 °C
Min: 8 °C
