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ULSTER BANK IS due to reveal details of compensation for the more than 600,000 customers affected by its massive technical issues during the summer.
U.TV learned yesterday that a restitution package will be announced today after it has been approved by regulators. The group has been in talks with the Central Bank about how it is dealing with the fallout from the so-called technical glitch which saw customers unable to access their accounts for a number of weeks.
Ulster Bank’s parent group RBS has provided for €35.5 million in expenses relating to the “clean up” of the issues in its latest accounts. It admitted that Ulster Bank’s customers “experienced extended problems with their accounts” because they were addressed last.
The group made promises at the time that none of its account holders would be out-of-pocket as a result of the problems. CEO Jim Brown has previously said that he expects the bank to pay out tens of millions of euro in compensation. He also said that he would look at extra ways to compensate customers.
Suggestions of goodwill gestures have been made but it is not yet clear if the bank will follow through with anything extra for impacted customers. About 100 members of the Oireachtas signed a petition in July calling on Ulster Bank to waive all customer charges until the end of January next year.
Any fees or charges that were incurred because of the problems were due to be automatically refunded but the majority of awards are expected to be small. The Financial Ombudsman has said that anybody not happy with their personal settlement can appeal.
The technical glitch occurred on 19 June when an attempt to update the software systems went awry. Difficulties were being experienced by some customers up to 10 weeks later and there is still a notice warning of some outstanding reconciliations appearing on the bank’s website today.
All of our systems are running as normal and for the majority of customers it is now business as usual. There will be reconciliations to some customer accounts as final outstanding transactions are processed.
The Central Bank criticised the group for its poor communications throughout the fiasco and Brown was pressured into giving up his bonus for the year.
Ulster Bank will not be revealing the total worth of today’s restitution package.
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Yeah but does it have a shed?
More importantly does it have a hot press
And an immersion switch
Will it make him happy?
There’s a one bedroom flat on Dame Street for the same price.
Bog Standard to be fair.
he must have a very small………
Ego
You can only sleep in one bed a night.
Or your ar*se on one chair Jake :)
It’d remind you of Tony Stark’s place
It may be a house but it doesn’t look like a home
Yeah but where is the nearest pub? You can’t buy social interaction
Pubs are lamer. House parties all the way.
I’ve always wanted a Jellyfish room.
Obscene.
Ah even though it’s excessive look at the bright side, it will generate a lot of jobs for people in the construction and maintenance and who knows years from now long after its owner is dead maybe it will draw tourists much like the historic opulent big mansions all across Europe attract them today.
We usually see record prices for art and stupid property projects like this one just before a major crash.
It’s like a block of flats or an alien space station. No character whatsoever.
Not for me.
Can you imagine the water bill
and the LPT…
2 sad and predictable posts within a few seconds of each other. Bravo.
I dont think it looks that nice, so its a no from me.
..meanwhile, there’s people dying of hunger in exploited 3rd world countries… let alone the streets of LA
The biggest!……the folks in Texas is going to be mightily pissed off……dagnabbit!
Ostenttacios and ugly!
500m and all the starving people in the world..sad really
Fools and their money!!
Jealous methinks – ah rich people, screw them(!) ;)
Screw em, marry em, live in the mansion, get a good settlement when they ditch you for a younger number.
According to IMDB he produced a total of 11 films – where did he get all his money from?!
Kip
http://theshovingbuddies.files.wordpress.com/2013/05/versailles.jpg
This is the 90,000sq ft monstrosity being build by David Siegel here in Orlando. You can’t buy class.
500 million, he’s having a giraffe.
Looks like a mini waterland.
For what?
Is there a carbon footprint for building this monstrosity? Should I keep sorting my plastic from my paper waste or are we, the 99 percent wasting our time trying to save the planet?
I’ll live in the master suite, b plenty enough space thank u very much
Perfect timing, considering the drought that is going on fir the last three or so years in Cali…
http://ca.gov/drought/
Also..talk about the need to compensate…jeez, how big is big enough…
Alternatively you could stack up a load of pallets for a billion dollars.
Right smack in the middle of Mumbai’s slums.
http://www.dailymail.co.uk/news/article-1333849/Mukesh-Ambani-s-housewarming-party-80-guests-630m-21st-century-Taj-Mahal.html
Cosy.
Some Blockbuster…
SANANDREAS ???
have your say