AIB snubs Oireachtas committee invite

AIB rejected an invitation to appear before an Oireachtas committee next week to answer questions about its €20 million overcharging scandal just as it emerged that another 500 customers were also charged fees without their consent.

AIB chief executive Michael Buckley informed the Joint Committee on Finance and the Public Service yesterday that “a fruitful discussion” about its overcharging could only take place after the bank had concluded its own inquiry into the matter in mid-June.

In a letter to the committee, Mr Buckley said the bank would be “very happy” to answer all questions about its overcharging on foreign exchange transactions at that stage.