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Monday 6 February 2023 Dublin: -1°C

# Bankers' Pay

Last year
2022
# cashless society
Certain businesses and sectors should be legislated to accept cash
A review into retail banking states that there will be a decline in bank branches and ATMs in the coming years.
Government advised to preemptively legislate to ensure that cash continues to be accepted by certain sectors and businesses, reports Political Correspondent Christina Finn
Risks could arise should retailers such as large supermarket chains and other services such as GPs or hospitals decide to not accept cash, the banking report finds.
The Irish bank branch network has reduced from 617 branches in June 2020 to 438 branches in September 2022.
'We got it wrong, we made a mistake': AIB not planning to return to cashless branch strategy
Politicians declare victory for ‘people power’ after AIB u-turn on withdrawing cash services
# banking review
Bankers 'rewarded' with bonuses and a pay boost despite tracker mortgage scandal, says McDonald
AIB and Permanent TSB will follow suit as the State sells off more of its stake in those banks.
All time
# Banks
Acting Central Bank governor says bankers' pay caps 'may limit the pool of candidates for senior positions'
The finance minister is currently considering a report which reviewed whether bankers’ pay should be increased.
# Central Bank
Bank bosses may face fines and sanctions in the future, but won't get jail time under new law
The new laws were drawn up in the wake of the tracker-mortgage scandal.
New AIB boss wants performance-based bonus ban lifted for bankers as staff are being enticed to competitors
Following the banking crash, a government policy on bonuses was rolled out for State-owned banks.
# korn ferry
Report on increasing bankers' pay due by end of year after government enlists €140k external consultants
Minister for Finance Paschal Donohoe has said that State-owned banks are at risk of losing key figures.
# Bank Bosses
Minister's warning: 'Tenure of individual bank directors' in firing line unless there's progress on trackers
Paschal Donohoe says he’s prepared to use his influence as a shareholder if he’s not satisfied with how banks perform.
# incentivisation
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.
# Pay
AIB silent over bonus plan for top executives, government says policy hasn't changed
AIB declined to comment if they held discussions with government about changing compensation policy for top bankers.
# Bank of Ireland
'My contract has been accepted by government': Richie Boucher on his €843k salary
The Bank of Ireland chief executive got into a testy exchange with a Labour TD over his pay packet today.
# Bankers
AIB chief is 'not aware of' any internal investigations into former directors
The bank’s CEO David Duffy said that no investigations had happened during his tenure and that discussing past directors would be “therapeutic but unfair”.
# Bankers' Pay
Government won’t use Bank of Ireland stake to oppose Boucher’s €843k salary
The taxpayer’s 15 per cent stake in the bank won’t be used to try and stop shareholders approving Richie Boucher’s pay.
# Bank Bonuses
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.
# Your Say
Poll: Does bankers' pay need to be high to attract the right people?
It was revealed that the CEO of Bank of Ireland Richie Boucher received a total pay packet worth €843,000 last year – despite a €2.1 billion loss at the bank.
# Bankers' Pay
Bankers' pay: 1,262 staff at AIB earning six-figure packages
Sinn Féin says Michael Noonan is ‘feigning outrage’ at bankers pay, but doing little to encourage staff to take pay cuts.
# Bankers' Pay
24 staff at Bank of Ireland earning over €400k a year
Michael Noonan says he “shares the outrage of the public” on bankers pay, but there are “legal constraints” in tackling it.
# Bankers
Labour TD calls for bankers' pay and pensions to be tackled
Labour Party TD for Dublin North Brendan Ryan says the Irish public “will not stand for further cuts in education or other frontline services”.
# Bankers
Six execs at former Anglo Irish Bank earn over €500k a year
Figures disclosed by Finance Minister Michael Noonan detail the remuneration packages of senior bankers at the former Anglo Irish Bank.
# Bankers' Pay
AIB chief executive asks senior executives to give up pensions
Enda Kenny says the AIB chief has written to former executives, asking them to recall their ‘moral responsibility’.
# Bankers' Pay
1,700 bankers in state covered banks paid over €100,000
861 in AIB, 61 in Permanent TSB, 143 in IBRC and 644 in Bank of Ireland paid over €100,000.
# Spain
Sound familiar? Spain creates 'bad bank', limits bank execs pay to €500k
Some are even calling it ‘El Nama’…
# banker pay
Bankers' pay worldwide up 12 per cent
Chief executives at 15 leading banks were awarded an extra €12.8 million over the past year.
# Bankers' Pay
1,065 top bankers earn basic salary over €100K
Hundreds of bankers in AIB, Permanent TSB – all essentially State-owned institutions – are taking home basic salaries in excess of €100,000.
# Bank of Ireland
Bank of Ireland chief executive given €898,000 package last year
Bank of Ireland’s annual report shows Richie Boucher benefited by €831,000 last year after waiving €67,000 of pay.
# Daily Fix
The Daily Fix: Sunday
In the Fix: Whitney Houston’s last performance, and Merkozy ‘hijacking’ eurozone policy.
# Bankers' Pay
Noonan considering 'outside expertise' in quest to cut bankers' wages
Michael Noonan says he is considering bringing in outsiders to help him enforce the findings of a review of banking salaries.
# Your Say
Poll: Should the State abolish the cap on bankers' pay?
Matthew Elderfield says the pay cap is making it tough to get the best talent. Should we consider lifting it?
# AIB
Future bankers' bonuses to be hit with 90 per cent tax
Amendment to Finance Bill will bring in levy but it will not apply to the deferred 2008 payments of €40m to AIB senior staff.
# Banker bonuses
Five Anglo Irish staff were awarded bonuses in 2010
AIB senior bankers not the only happy ‘key staff’ renumerated this year…
# Your Say
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.
# AIB
July 2010: Brian Lenihan calls end to "mad bonuses". Dec 2010: AIB bankers get €40m bonus.
Bank bailed out by taxpayers says it is contractually obliged to pay bonuses from 2008 – the year the banking crisis hit.
# Banking
UK gets tough on Bankers pay
A new code will see at least 40% of bonuses deferred for three years.