Slash salaries of bankers delaying customer compo
Angry td calls for serious penalties
FATCAT bankers who delay compensating victims of the tracker mortgage scandal should have their salaries slashed, a TD said yesterday.
Fianna Fail’s finance spokesman Michael Mcgrath said there should be serious consequences for lenders who fail to pay back customers they put through hell.
He has launched a Private Member’s Bill aimed at holding those responsible to account – as the last of the bankers were brought in for a dressing down by Finance Minister Paschal Donohoe.
Mr Mcgrath said: “We believe in the banks in which the State continues to hold shares the State should not vote in favour of the renewal of directors, or in favour of any remuneration packages at the next AGM if those banks refuse to face up to their responsibilities.
“That’s one very strong power the Minister for Finance has and it’s one that he should not be afraid to use in the interest of those customers.”
AIB is still 75% owned by the State and its chief executive, Bernard Byrne, received €500,000 in basic salary and €100,000 pension contribution last year.
Meanwhile, Mr Donohoe told the Dail yesterday he believed bank customers had been “treated disgracefully” and he had told the bankers their behaviour was “completely unacceptable”.
The tracker issue was also raised during Leaders’ Questions.
Tipperary TD Mattie Mcgrath likened the bank bosses behind the scenes to robbers. He said: “Now the robbers are behind the counters,
they’re deep in the boardrooms.” Mr Mcgrath clarified afterwards that he did not mean the frontline staff when he referred to those “behind the counters”.
More than 100 people have lost
their homes and others were driven to suicide after at least 13,000 customers were wrongly moved from cheap tracker mortgages to more expensive loans.
ferghal.blaney@trinitymirror.com