Ulster Bank suspends staff over paperwork controversy

Bank has suspended, or ‘‘deauthorised’’, more than a dozen financial planning managers as part of an investigation into alleged falsification of paperwork on bank products.

3rd January, 2009

Ulster Bank has suspended, or ‘‘deauthorised’’, more than a dozen financial planning managers as part of an investigation into alleged falsification of paperwork on bank products. However, the Irish Bank Officials Association (IBOA) is supporting the managers in a counter-claim against Ulster Bank, saying they were ‘‘merely following the established custom and practice’’.

The bank recently contacted customers as part of an effort to determine whether managers...

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