You just cannot trust the banks. In his latest report the Financial Ombudsman, Joe Meade, once again confirms why you cannot trust the main Irish Banks. In his article in the Independant, Charlie Weston summed it up perfectly, "if you want bad advice, then pop into your local bank branch"
The Ombudsmans report is full of examples of Greedy Irish Banks ripping off vunerable customers. One of the most worrying things is that many of the ripped off customers are old age pensioners. If the banks dont have the morals to treat our elderly citizens properly then what chance does anyone else have.
Irish Banks and our very own Financial Regulator have overwhelmingly failed the Irish Nation. This is not new news but it is good to see it in black and white and also that the ripped off customers involved are getting compensated. God knows how many ripped off customers there are out there who have not complained to the Ombudsman. Anyone who have been the victim of bad advice by our shameless banks needs to contact the ombudsman asap.
Joe Meade retires from his role as the Financial Ombudsman at the end of this month. He has been worth his weight in gold to many Irish consumers who have been compensated under his watch. You can see a copy of his latest report at http://www.financialombudsman.ie/
What we really now need is for Joe Meade to switch to the Financial Regulators office for a few years to put a stop to the bad advice before it happens.
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