Michael Noonan: Banks should be punished

Banks should be punished for their “disgraceful” treatment of tracker mortgage customers, says Finance Minister Michael Noonan.

He told the Dáil many borrowers had incurred “considerable loss”, with some losing their homes as a result of the tracker mortgage scandal.

Sinn Féin accused banks of “corporate theft” and said that institutions had “deliberately” overcharged around 15,000 mortgage holders.