Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
Bank Chief Apologizes After Calling Irish Loan Probe ‘Annoying’
© Reuters. Bank Chief Apologizes After Calling Irish Loan Probe ‘Annoying’
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
KBC Group NV’s chief executive apologized for his criticism of an Irish mortgage overcharging investigation, after his comments drew a public rebuke from the country’s Prime Minister, Leo Varadkar.
Lawmakers from across the political spectrum rounded on Johan Thijs after he urged the Irish central bank to “turn the page” on the “annoying” inquiry into how thousands of customers across numerous retail banks were overcharged, with some eventually losing their homes. His comments hit a nerve in a country that is still wary of the financial sector more than a decade after the financial crisis crippled the economy there.
“I want to acknowledge the insensitivity of what I said and the manner in which it was delivered,” Thijs said in a statement on Friday in Dublin. “It was unintentional and I am truly sorry for the offense caused. “
“We see a pattern of behavior in the banking sector in Ireland and listening to those remarks, I’m unconvinced the the culture and attitude has changed, “ Varadkar told reporters in Dublin on Friday, before the apology.
“It needs to change, because if it doesn’t we’re going to have another charging scandal or banking scandal in another five or 10 years time,” he said.
The tracker scandal illustrated unacceptable practices by the banking industry, a finance ministry spokesman said in response to questions, adding it will take considerable time to restore trust in the industry.
``While my words yesterday do not reflect that, I want to assure people that KBC and myself will do everything in its power to regain public trust, “ Thijs said.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.