Spotlight on banks as tracker troubles bite

As institutions answer to a Central Bank investigation, AIB has set aside almost €200 million

Pressure is mounting on mortgage lenders to provide the Central Bank with details of their plans to address major problems with tracker mortgages.

Tracker mortgages have been making headlines in recent months after an overcharging scandal at Permanent TSB raised concerns about broader problems in the market.

These concerns eventually resulted in the Central Bank announcing a probe into tracker mortgages, with market sources suggesting that the mistakes made by lenders could end ...