Ulster Bank must compensate customers, says Central Bank

The Central Bank has told the government's joint committee on finance and public expenditure that Ulster will be required to compensate personal and small business customers affected by its technical breakdown.

"As soon as normal banking service is restored we will be requiring Ulster Bank to put in place a comprehensive restitution plan for impacted customers," said Bernard Sheridan, the Central Bank's Director of Consumer Protection (for full text, see here.

Earlier Ulster ...