Ulster Bank ‘missing money’ panic

Ulster Bank is again facing intense scrutiny after the Central Bank, the Oireachtas Finance Committee, and the Finance Minister raised serious concerns over the latest financial panic to hit the institution.

Hundreds of customers took to social media yesterday to vent their anger and fears after money went “missing” from their accounts and they were unable to pay bills and honour direct debits and standing orders.

Ulster Bank said the problem was the result of “human error”, but this was disputed by union bosses who blamed “technology problems” and differed with the view of Finance Minister Paschal Donohoe who referred to an “IT problem”.