Permanent TSB ‘watched mortgage holders lose their homes’

State-owned bank Permanent TSB has been accused of “robbing” customers and taking homes off people in the wake of incorrectly moving customers off tracker mortgages.

CEO Jeremy Masding apologised to borrowers yesterday and said a “systems failure” was responsible for taking low-cost mortgages off almost 1,400 borrowers.

However, Sinn Féin finance spokesman Pearse Doherty said such actions outside of a financial institution would see someone thrown into prison.