Cowen: Financial regulator will protect Halifax customers

The Taoiseach Brian Cowen is insisting the financial regulator will step in to protect customers of Halifax following the bank's decision to close its retail arm.

Mr Cowen said no customer should be disadvantaged in any way.

Asked this morning what the Halifax decision would mean for the 300,000 mortgage customers, Mr Cowen insisted they should not be disadvantaged in any way.

The Taoiseach said the financial regulator will ensure that Halifax observes the rules:

Meanwhile, the Tánaiste Mary Coughlan has signalled further bank job losses are possible.

But Ms Coughlan said job opportunities in financial services continue at the Irish Financial Services Centre.

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