Tracker scandal bill may be ‘well above €1bn’

At least 5,000 more customers could be affected by the tracker mortgage fallout, while the final bill could be “well above” €1bn, according to the financial advisor who exposed the scandal, writes Pádraig Hoare.

Padraic Kissane told TDs and Senators at the Oireachtas Finance Committee that he expected 5,000 cases from AIB-owned EBS, Ulster Bank’s former stand-alone First Active unit, as well as KBC Ireland to emerge when the final tally is counted.