http://www.expatshield.com

Just to mention it on the comments stream, the Central Bank has changed previous quarters’ data today. Have queried this with the Bank but the previous quarters above may need to be adjusted.

“Legal papers linked to more than a dozen separate actions have been filed at the High Court over the past two months, naming Irish Bank Resolution Corporation (IBRC) Assurance as defendant.”

http://www.independent.ie/business/irish/anglo-investment-arm-sued-by-clients-who-lost-millions-3320166.html
http://therealdeal.com/issues_articles/behind-the-deal-assessing-anglos-auction/

Regarding voting for SF….they dropped the ball,missed an opportunity on the abortion issue,Mary Lou was an embarrassment on VB and they silenced an excellent TD,very very discouraging and dispiriting.
Speaking of which VB has moved to something called “Roku” cant watch it in states anymore.Yeah I’m rushing out to buy one……….

“We now have a new home on the Roku box where all your favourite, award-winning TV3 programming as well as latest Irish news are available to view.”

By the way our research shows that the confession only relates to less than 50% of the actual interest overcharging scam.

Good thing I’m not in the country anymore – i might be inclined to vote for the Shinners!

235. Deputy Pearse Doherty asked the Minister for Finance if as part of Irish Bank Resolution Corporation internal review of historical interest rate settings,the bank is reviewing interest rates applied to loan accounts in the UK and if IBRC has set aside money for repaying customers with loan accounts in the UK. [52731/12]

236. Deputy Pearse Doherty asked the Minister for Finance if he or Irish Bank Resolution Corporation are assured by the internal review of historical interest rate settings that Anglo Irish Banks Treasury Department (UK) was not overstating the London Interbank Offered Rate rate in the years under review or in any years beyond those under review. [52732/12]

237. Deputy Pearse Doherty asked the Minister for Finance if as part of its internal review of historical interest rate settings, if the Irish Bank Resolution Corporation is reviewing interest rates applied to loan accounts in any jurisdiction after 2004. [52733/12]

Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 235 to 237, inclusive, together.

I have been advised by IBRC that the review of historical interest rates applied to loan accounts, which was disclosed in the Bank’s annual report of December 2010, covered loans advanced to customers in Ireland, USA, Isle of Man and the UK in the period from 1990 to 2005. The total cost of refunds for all jurisdictions is estimated at €45m to €50m. The Bank is satisfied that the overcharging that was identified and disclosed in 2010 ceased in July 2004 for loans advanced in Ireland, USA and the Isle of Man. In respect of loans advanced in the UK the Bank is satisfied that the overcharging ceased in January 2005.

125. Deputy Pearse Doherty asked the Minister for Finance the number of personal and or commercial loan accounts in Irish Bank Resolution Corporation, in which he is the shareholder of 100% of the shares, were found to have been charged interest rates in excess of those permitted by contractual arrangements between bank and customer and the amount of money and or credit that was refunded to such accounts in 2009, 2010 and 2011. [55094/12]

128. Deputy Pearse Doherty asked the Minister for Finance if the Irish Bank Resolution Corporation or its predecessor repossessed property and or appointed receivers to assets of any account holder who was charged interest rates in excess of those permitted by contractual arrangements between bank and customer. [55097/12]

Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 125 and 128 together.

I have been advised that it is not the practice of IBRC to disclose detailed information in relation to the dealings of any individual account holder with the Bank. However, the Bank has informed me that it previously disclosed that it had made a provision of €67m, following an internal review of historical interest rate setting procedures, as applied to certain loan accounts. This internal review, which was conducted in 2010, addressed the period from 1990 to 2005 to determine whether interest rates applied to customer loan accounts were consistent with the terms of the customer loan documentation. The Bank is nearing completion of this project and has made refunds to affected customers. The total cost of the refunds is now estimated at €45m to €50m.

126. Deputy Pearse Doherty asked the Minister for Finance the number of personal and or commercial loan accounts in Allied Irish Banks, in which he is the shareholder of 99.8% of the shares, including the Educational Building Society, were found to have been charged interest rates in excess of those permitted by contractual arrangements between bank and customer and the amount of money and or credit that was refunded to such accounts in 2009, 2010 and 2011. [55095/12]

Minister for Finance (Deputy Michael Noonan): I have been informed by the bank that any queries related to matters such as instances of potential overcharging are dealt with on a case by case basis by the bank with individual customers. Any potential broader issues which affect a greater population of customers are dealt with via established procedures in consultation with the Central Bank as regulator.

127. Deputy Pearse Doherty asked the Minister for Finance the number of personal and or commercial loan accounts in Permanent TSB, in which he is the shareholder of 99.5% of the shares, were found to have been charged interest rates in excess of those permitted by contractual arrangements between bank and customer and the amount of money and or credit that was refunded to such accounts in 2009, 2010 and 2011. [55096/12]

Minister for Finance (Deputy Michael Noonan): I have been advised that Permanent TSB has approximately 1.8 million customer accounts. Given this volume of accounts it is inevitable that from time to time errors will arise and Permanent TSB is committed to minimising such errors, and where they do occur, ensuring that the errors are rectified as soon as possible. Permanent TSB has informed me that in the years 2009-2011 inclusive there have been incorrect interest rates charged on a total of 838 accounts. This represents less than 0.05% of the number of accounts in operation during that time. The total amount of refunds given was €4.3 million, the majority of which occurred in 2010. During this time period PTSB had interest receivable of €3.8 billion so the total amount refunded is just 0.1% of interest receivable in the period.

The data relates to mortgage loans where the customer paid an interest rate in excess of the agreed rate. These errors have been notified through the Banks Customer Impact process or through a project forum from 2009 to date. Customers impacted by these errors have received remediation in compliance with the Consumer Protection Code and the Central Bank was advised as required under that Code.

Question No. 128 answered with Question No. 125.

http://order-order.com/2010/10/15/10-of-anglo-irish-bank’s-profits-came-from-defrauding-customers/

The Quinns will strike the first fatal blow if they are ever allowed to get to court to prove their case.

http://ec.europa.eu/eu_law/state_aids/comp-2010/nn035-10.pdf

A s far as they are concerned, they can walk on water and are above the law of the land and one would have to say all the evidence supports this view.

There is no law in the land when it comes to the Golden Circle, and there is no doubt that IBRC is a Golden Circle Bank.

FG, with Dukes at the helm, have made a reverse takeover of Anglo and Nationwide, once FFs own private banks. This bank will never die, and may end up taking deposits again before too long. It will fund the next three generations of corruption in this state.

But the most shameful and treacherous actors in all of this have been the officials in the Department of Finance. Under FF or FG, it’s all the same. The DoF looks after its friends in the banking sector. They conspired with BoI and AIB to bail those banks out at public expense, and now even with Anglo, the one bank they didn’t want in on the bailout, the DoF continues to conspire to keep its employees, debtors and creditors in the style to which they have become accustomed.

And DoF officials can continue to expect lucrative posts in the banking sector. I wouldn’t let a DoF official look after a goal post!