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Doherty calls on Ulster Bank CEO Jim Brown to resign

5 July, 2012 - by Mary Lou McDonald TD


Speaking after an Oireachtas finance committee hearing on the on-going chaos at Ulster Bank Sinn Féin Finance spokesperson Pearse Doherty called on Ulster Bank CEO Jim Brown to resign.

The Donegal South West deputy called on Mr Brown, “to accept responsibility for the failure in the Bank, to accept that the buck stops with him and when the mess is cleared up to consider his position and resign”.

Deputy Doherty said:

“The chaos caused by the IT system crash at Ulster Bank has caused disruption to the lives of up to half a million ulster bank customers. It has also caused severe disruption to customers of other banks.

“That the backlog caused by the system failure will not be cleared for another two weeks is both unbelievable and unacceptable.

“During today’s Finance Committee meeting I challenged Ulster Bank CEO Jim Brown to accept responsibility for the failure in the Bank, to accept that the buck stops with him, and when the mess is cleared up to consider his position and resign.

“While Mr Brown accepted responsibility for what went on at Ulster Bank it was far from clear that he was accepting responsibility for the on-going chaos. It is also completely unacceptable that he refused to rule out accepting a bonus this year.”

ENDS

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