Trackers: Will the banks just walk away again?

A decade ago, the banking industry emerged totally unscathed from a massive overcharging scandal. Will the tracker mortgage affair be any different?

It’s been quite a few years since Ireland’s banks were told they had done something wrong. The last person to upset bankers in their own backyard was the then Central Banker Fiona Muldoon, now a director of Bank of Ireland. She told the Irish Banking Federation at its annual conference in 2012 that the banks needed to stop acting like teenagers.

Ed Sibley, the Central Bank’s new deputy governor, took the opportunity last ...