Woman settles action against AIB over ‘bad advice’

The Irish Property Bubble (2006) The Republic of Property
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Any chance the rest of us could take an action against AIB on the basis of the bad advice they passed off on the two Brians in the past 2 years

newstalk.ie/2011/news/woman- … ad-advice/
Woman settles action against AIB over ‘bad advice’
January 20th, 20110 Comments
inShare.0A Co. Cork woman has settled a High Court action against AIB in which she had claimed the bad advice from the bank resulted in her losing €60,000 in an investment.

Hospital Housekeeper Doreen Rock of Ballinora in Waterfall says she was persuaded to put her savings in a bond scheme.

She said she had made it clear to the bank that she wanted a risk free investment.

The terms of the settlement today have not been disclosed.

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There have been a few of these cases now, and as far as I can tell in each instance the customer requested a risk free investment and was sold anything but. For example, if I recall correctly the couple who won a case a few months ago about shares in AIB they were sold (was it €200,000 worth?) after they asked the bank for a risk-free product.

I don’t think that specific scenario would apply to many people, nor to (pretty much) anybody who bought a house unwisely.