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#Bank Bonuses

# bank-bonuses - Wednesday 25 June, 2014

No bank staff hit with higher USC charge on bonuses since 2011

The charge was brought in to discourage ‘inappropriate’ bonus payments being made to staff in bailed out banks.

# bank-bonuses - Saturday 15 February, 2014

Noonan confirms he said no to bonuses in face-to-face meeting with AIB bosses

The Finance Minister has confirmed he met with officials from the bank, but “personally reinforced” that there are currently no plans to re-introduce bonuses.

# bank-bonuses - Tuesday 16 April, 2013

Bankers bonuses set to be capped after European approval for limits

MEPs support a move that would limit bonuses to 100 per cent of salary from January of next year.

# bank-bonuses - Thursday 26 July, 2012

'Culture of bonus as an entitlement' behind push for banker bonus legislation, says O'Dea

Former FF minister says proposals target higher-ranking bankers and their work performance.

# bank-bonuses - Wednesday 25 July, 2012

FF tables new laws to defer bankers' bonuses for five years Bank Bonuses This post contains a poll

FF tables new laws to defer bankers' bonuses for five years

Willie O’Dea’s new proposals would see bankers have bonuses deferred for five years, and forfeited if the bank loses money.

# bank-bonuses - Friday 9 March, 2012

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock.

# bank-bonuses - Friday 4 March, 2011

Bank of Ireland paid staff €66m in bonuses since bank guarantee: Report

A damning report commissioned by the Department of Finance has unveiled a “catalogue of errors” by the bank – and reveals that a further €21m is marked for bonus-type this year.

The 9 at 9: Friday

Nine things you really need to know by 9am.

# bank-bonuses - Tuesday 25 January, 2011

The 9 at 9: Tuesday

The nine stories you really need to know about by 9 o’clock.

# bank-bonuses - Wednesday 12 January, 2011

Sorry still the hardest word for Britain's bankers

Bob Diamond says there was a period of remorse and apology – but now it’s over.

# bank-bonuses - Sunday 19 December, 2010

The 9 at 9: Sunday

Nine things you really need to know by 9am: cold weather disrupting air travel in Europe; investigation into fatal Cork sledding incident; DNA tests attempt to link bone fragments to Amelia Earhart.

# bank-bonuses - Saturday 18 December, 2010

Banks pay €44m in bonuses since state guarantee

Ireland’s bankers have earned €44m on bonuses since September 20 – with one BoI senior getting €500,000 in recent weeks.

The 9 at 9: Saturday

Nine things you need to know by 9am: more ‘secret’ bank bonuses, the return of the cold snap, and growing threats of war in Korea.

# bank-bonuses - Wednesday 15 December, 2010

The 9 at 9: Wednesday

Nine things you really need to know by 9am: Ireland grapples with questions on the bailout, banks and bonuses for top civil servants.

# bank-bonuses - Monday 13 December, 2010

AIB should have contested bonuses case, says Harney

Health Minister offers her view on the AIB bonus case which will see the bank pay out €40m in staff bonuses for 2008.

# bank-bonuses - Friday 10 December, 2010

The 9 at 9: Friday

Nine things you really, really need to know by 9am: Bank bonuses to be taxed at 90 per cent, the family of a brain injured man who was savagely beaten by a man who was out on bail speak out, and Dublin zoo needs you.

# bank-bonuses - Thursday 9 December, 2010

Poll: Should bankers get their bonuses? Your Say This post contains a poll

Poll: Should bankers get their bonuses?

Up to 2,400 staff in AIB are set to benefit from €40 million in bonuses. Is this only fair, or is too much of a kick in the teeth to taxpayers? Let us know what you think.

# bank-bonuses - Friday 30 July, 2010

THE UK has expanded its restrictions on bankers pay and bonuses.

The Financial Services Authority (FSA) have expended the number of companies who are subject to restrictions from 27 larger banks to over 2,500 financial institutions.

The move will take place from January 1, 2011 and will mean the UK is the first company to comply with the EU’s legislation on bank bonuses. It will see 40-60% of bonuses over £500,000 deferred for three years. The new code also states that at least 50 per cent of the total package must be paid in shares or share-linked instruments according to the Financial Times.

Regulators worldwide have been scrutinizing executive pay after it was blamed for the excessive risk-taking that led to the recent banking crisis.

European Union governments agreed on June 30 that directors of banks who received public money will be forced to justify their bonuses and lenders will have to report the number of people earning more than €1m to regulators according to Bloomberg.

Efforts in the US to curb excessive pay in Banking haven’t gone quite as far as moves in the EU.

Meanwhile, Metro Bank launched in the UK yesterday, the first new bank to launch in the UK in more than 100 years.