Irish central bank fines lender €37.7m for misconduct

0
22

The Central Bank of Ireland

The Central Bank of Ireland

The Central Bank of Ireland has levied a record fine on one of the country’s banks for serious regulatory breaches in the “tracker mortgage” scandal.

The CBI imposed its largest-ever fine of €37.7 million ($44.6 million) on Ulster Bank Ireland under its administrative sanctions procedure, it announced on March 25. It found Ulster Bank responsible for “serious failings in the treatment of its tracker customers holding 5,940 mortgage accounts between August 2004 and April 2020”.

Ulster Bank

You are currently unable to copy this content. Please contact [email protected] to find out more.



Original Source