Banking

Former PTSB chief claims Central Bank is seeking a ‘scapegoat’ over tracker scandal

David Guinane, chief executive of PTSB between 2007 and 2012, is alleged to have breached the consumer protection code over tracker mortgage scandal

The legal team of David Guinane, former chief executive of PTSB, argued that he was being ‘singled-out’ by the Central Bank over the tracker mortgage scandal

David Guinane, the former chief executive of PTSB, is being “singled-out” by the Central Bank for his role in the tracker mortgage breaches and is being made out as a scapegoat for the scandal, the banker’s legal team has claimed.

On the opening day of a public inquiry into whether the former PTSB banker breached consumer protection rules amid the scandal, Guinane’s legal counsel claimed the investigation was “unfair” and “extraordinary”.

Guinane, who served as ...