Ulster Bank set for €5m fine over IT failure

Ulster Bank set for €5m fine over IT failure

Ulster Bank could be facing fines of up to €5m for an IT failure that left customers unable to access their accounts.

The Central Bank has confirmed that an investigation is underway into the glitch, which caused huge disruption in the summer of 2012.

Sky News is reporting that authorities in the UK are set to fine the bank's parent company Royal Bank of Scotland tens of millions of pounds sterling for the failures.

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