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’.
Brian Hayes said that it was a matter for the Financial Regulator but he believes that financial penalties against the bank should be considered in the wake of its current problems.
DONEGAL TD THOMAS Pringle will bring a bill to the Dáil today calling for a referendum on lowering the voting age to 16.
Pringle is bringing the bill to coincide with Scottish and Welsh elections being held today, which are allowing 16 and 17-year-olds to vote.
“My bill would put the question to the people of Ireland on whether or not they agree to amend Article 16 of the Constitution, reducing the age of eligibility to vote in Dáil elections down from 18 years of age to 16 years of age,” said Pringle.
So our question to you today is: Do you think Ireland should lower the voting age to 16?
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