Banking

Inquiry into Permanent TSB boss David Guinane on trackers begins

The investigation will establish whether the former banker breached consumer protection rules

David Guinane, the former chief executive of PTSB, faces an inquiry at the Central Bank. Picture: Post Reporter

A Central Bank inquiry into David Guinane, the former chief executive of PTSB, will begin today.

The investigation will establish whether the former banker breached consumer protection rules during the tracker mortgage scandal by denying customers access to mortgage rates they were entitled to.

Guinane, who served as chief executive of PTSB from November 2007 to February 2012, faces a penalty of up to a €1 million from the Central Bank, as well as other sanctions ...