Ireland: Ulster Bank fined €3.5m

  • Ireland's Central Bank has fined Ulster Bank €3.5m for a 2012 IT failure. 
  • Failure in Summer of 2012 affected 600,000 customers; deprived them of 'basic and essential' banking services. 
  • Failure took place over a 28 day period. 
  • Central Bank says fine 'reflects the seriousness' of Ulster Bank's failings; says it is determined 'to ensure that customers have access to core banking services without disruption'. 

Central Bank statement