AIB Group fined record €96.7m for role in tracker mortgage scandal

1 week ago 8

Figure much than treble Central Bank’s erstwhile highest fine

The Central Bank has imposed a grounds good connected AIB and its EBS portion for their engagement successful the Irish banking industry's tracker owe scandal. Photograph: Aidan Crawley/Bloomberg

By Joe Brennan

Thu Jun 23 2022 - 11:03

AIB and its EBS portion person been deed with a grounds €96.7 cardinal Central Bank good for their roles successful the State’s tracker owe scandal. AIB is being fined €83.3 million, with €13.4 cardinal levied connected EBS.

The fig is much than treble the regulator’s erstwhile highest fine, imposed connected Ulster Bank successful March past twelvemonth for its engagement successful the Irish banking industry’s biggest overcharging affair.

More to follow.

Business Today

Business Today

Get the latest concern quality and commentary from our adept concern squad successful your inbox each weekday morning

By signing up you hold to our Terms of Service and Privacy Policy.

Read Entire Article