Paschal Donohoe was responding to the publication of the Central Bank’s final report into its tracker mortgage examination, which revealed 99 people had lost their homes as a result of the banks’ failings. The five main lenders have put aside €1.1bn to cover the total cost of compensation, redress, fines and administration. In May, Permanent TSB was fined €21m by the Central Bank for “serious failings” and enforcement investigations are continuing against all the other main lenders. He said those who have lost homes “need the most sympathetic treatment” and that compensation and redress remains a matter for the Central Bank. Thousands of other affected customers have been excluded from the report, according to Fianna Fáil TD Michael McGrath.

Source: Irish Examiner July 17, 2019 04:52 UTC