Mark Paul, in The Irish Times, reports:
The Central Bank of Ireland has fined Permanent TSB €21 million for the “unacceptable harm” it caused certain tracker mortgage customers, including some who lost their homes, when it wrongly denied them their discounted rate.
The fine, which was originally set at €30 million but discounted by 30 per cent due to PTSB’s agreement to the terms of a settlement scheme, is the largest ever issued by the State’s banking regulator.