Bank of Ireland Bank of Ireland staff rate mentioned in Central Bank statement on fine

[Brendan Burgess]

Bank of Ireland has admitted a further three regulatory breaches concerning the lack of clarity in an internal staff notice (dated 9 October 2008). This notice concerning the withdrawal of tracker mortgages and the future entitlement of staff to tracker rates at the end of their then fixed rate period, lacked clarity for those staff who drew down on trackers, impacting 1,468 customer accounts, and resulting in the loss of one family home and one BTL property.

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