29/06/2012
Central Bank Concerned By Ulster Bank Delays
The Central Bank of Ireland has said it is concerned by the "unacceptable continuing delays by Ulster Bank in fully resolving its systems issues and the consequent impact on its customers".
It released a statement saying: "The Central Bank has been, and continues to be, in daily contact with Ulster Bank and its parent, Royal Bank of Scotland Group, since this issue first emerged on 20 June. The Deputy Governor met with Ulster Bank and RBS senior management earlier this week and spoke with the CEO of RBS to emphasise to him the importance of RBS addressing the continuing delays in resolving the technical issues which are impacting Ulster Bank customers.
"The Central Bank is working with the UK Financial Services Authority and the Bank of England in investigating the root cause of the issue at the Group level and how this has impacted Ulster Bank’s payment systems."
(CD/GK)
It released a statement saying: "The Central Bank has been, and continues to be, in daily contact with Ulster Bank and its parent, Royal Bank of Scotland Group, since this issue first emerged on 20 June. The Deputy Governor met with Ulster Bank and RBS senior management earlier this week and spoke with the CEO of RBS to emphasise to him the importance of RBS addressing the continuing delays in resolving the technical issues which are impacting Ulster Bank customers.
"The Central Bank is working with the UK Financial Services Authority and the Bank of England in investigating the root cause of the issue at the Group level and how this has impacted Ulster Bank’s payment systems."
(CD/GK)
Related Irish News Stories
Click here for the latest headlines.
20 July 2012
Ulster Bank Begins To Correct Charges
Ulster Bank has began to correct and reverse fees and charges to customers effected by the technical issues at the bank, which started on 19th June. Earlier this week, the bank said it would announce details on how to address "out of pocket expenses".
Ulster Bank Begins To Correct Charges
Ulster Bank has began to correct and reverse fees and charges to customers effected by the technical issues at the bank, which started on 19th June. Earlier this week, the bank said it would announce details on how to address "out of pocket expenses".
23 February 2018
Oireachtas Must Urgently Regulate 'Vulture Funds' - FF
The Oireachtas has been called to urgently regulate 'vulture funds'. Fianna Fáil Spokesperson on Finance Michael McGrath, made the call following a statement from Ulster Bank CEO Gerry Mallon that the bank may sell off up to 7,000 mortgages. Deputy McGrath said: "The case for full regulation of these vulture funds is compelling.
Oireachtas Must Urgently Regulate 'Vulture Funds' - FF
The Oireachtas has been called to urgently regulate 'vulture funds'. Fianna Fáil Spokesperson on Finance Michael McGrath, made the call following a statement from Ulster Bank CEO Gerry Mallon that the bank may sell off up to 7,000 mortgages. Deputy McGrath said: "The case for full regulation of these vulture funds is compelling.
18 January 2018
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
05 October 2017
Customers Affected By Tracker Mortgage Scandal Rises To 3,500
The number of Ulster Bank customers affected by the tracker mortgage scandal has risen from 2,000 to 3,500. At a meeting of the Oireachtas Finance Committee this morning, 05 October, Ulster Bank executives confirmed that the number of people affected by the scandal had risen.
Customers Affected By Tracker Mortgage Scandal Rises To 3,500
The number of Ulster Bank customers affected by the tracker mortgage scandal has risen from 2,000 to 3,500. At a meeting of the Oireachtas Finance Committee this morning, 05 October, Ulster Bank executives confirmed that the number of people affected by the scandal had risen.
16 July 2012
Remaining Ulster Bank Account Issues Won't Be Resolved For Several Weeks
It will be several weeks before all issues with customers' accounts will be fully resolved, according to Ulster Bank's chief executive. In an interview with RTÉ News, Jim Brown said while systems are now running normally, there are problems with some unprocessed and duplicated transactions.
Remaining Ulster Bank Account Issues Won't Be Resolved For Several Weeks
It will be several weeks before all issues with customers' accounts will be fully resolved, according to Ulster Bank's chief executive. In an interview with RTÉ News, Jim Brown said while systems are now running normally, there are problems with some unprocessed and duplicated transactions.
-
Ireland WeatherToday:It will be a dry day with bright or increasingly sunny spells. Strong northerly winds in the east in the morning will ease down through the day. Maximum temperature 8 °C.Tonight:Staying dry through the evening and overnight with largely clear skies and light winds which will allow some frost and fog patches to develop. Minimum temperature -1 °C.