‘Compensation needed for Ulster Bank customers’ – SDLP to RBS Chairman

Newry Times News Posted by
info@newrytimes.com
Thursday, July 5th, 2012
Business

The Ulster Bank branch in Newry's Hill Street

SDLP MPs Dr Alasdair McDonnell, Margaret Ritchie and Mark Durkan joined a delegation of Northern Ireland MPs to meet the Chairman of Royal Bank of Scotland, the parent company of Ulster Bank, in London about what remedies they are to put in place to help customers affected by the crisis.

The MPs also questioned the Secretary of State, Owen Paterson, during Northern Ireland Questions about what action government was taking to tackle these problems

SDLP South Down MP Margaret Ritchie said, “Everything from people’s benefits, wages, bills, holidays and weddings have been put on hold due to this terrible failure by RBS.

“The 16th July date which was given as an estimated end date to this crisis is simply not good enough. We need greater assistance for customers over the July holidays and an assurance that ATMs will be fully equipped to meet the overwhelming demand for money which exists.”

She added, “Clarification is also needed regarding precisely what compensation consumers will be given, both for bank fines and for third party fines resulting from the bank’s error.” 


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