​Just 40 out of 3,500 Ulster Bank customers compensated in tracker mortgage scandal

Latest: Just 40 out of 3,500 Ulster Bank customers have been compensated after being caught up in the tracker mortgage scandal while more people have lost their homes than previously thought, the bank's leadership have admitted.

​​Update 5.06pm Just 40 out of 3,500 Ulster Bank customers have been compensated after being caught up in the tracker mortgage scandal while more people have lost their homes than previously thought, the bank's leadership have admitted.

Ulster Bank chief executive Gerry Mallon and other top officials appeared before the Oireachtas Finance Committee yesterday, where they were grilled by TDs and Senators over the failure to address the tracker customer redress in a more timely manner.