# bankers-pay - Thursday 11 April, 2019
Following the banking crash, a government policy on bonuses was rolled out for State-owned banks.
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# bankers-pay - Monday 5 November, 2018
Minister for Finance Paschal Donohoe has said that State-owned banks are at risk of losing key figures.
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# bankers-pay - Friday 3 November, 2017
Paschal Donohoe says he’s prepared to use his influence as a shareholder if he’s not satisfied with how banks perform.
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# bankers-pay - Saturday 15 February, 2014
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.
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# bankers-pay - Tuesday 28 January, 2014
AIB declined to comment if they held discussions with government about changing compensation policy for top bankers.
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# bankers-pay - Wednesday 4 September, 2013
The Bank of Ireland chief executive got into a testy exchange with a Labour TD over his pay packet today.
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# bankers-pay - Tuesday 3 September, 2013
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”.
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# bankers-pay - Wednesday 24 April, 2013
The taxpayer’s 15 per cent stake in the bank won’t be used to try and stop shareholders approving Richie Boucher’s pay.
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# bankers-pay - Tuesday 16 April, 2013
MEPs support a move that would limit bonuses to 100 per cent of salary from January of next year.
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# bankers-pay - Wednesday 20 March, 2013
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.
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# bankers-pay - Friday 16 November, 2012
Sinn Féin says Michael Noonan is ‘feigning outrage’ at bankers pay, but doing little to encourage staff to take pay cuts.
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# bankers-pay - Thursday 15 November, 2012
Michael Noonan says he “shares the outrage of the public” on bankers pay, but there are “legal constraints” in tackling it.
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# bankers-pay - Wednesday 14 November, 2012
Labour Party TD for Dublin North Brendan Ryan says the Irish public “will not stand for further cuts in education or other frontline services”.
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# bankers-pay - Thursday 8 November, 2012
Figures disclosed by Finance Minister Michael Noonan detail the remuneration packages of senior bankers at the former Anglo Irish Bank.
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# bankers-pay - Tuesday 6 November, 2012
Enda Kenny says the AIB chief has written to former executives, asking them to recall their ‘moral responsibility’.
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# bankers-pay - Thursday 18 October, 2012
861 in AIB, 61 in Permanent TSB, 143 in IBRC and 644 in Bank of Ireland paid over €100,000.
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# bankers-pay - Saturday 1 September, 2012
Some are even calling it ‘El Nama’…
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# bankers-pay - Monday 25 June, 2012
Chief executives at 15 leading banks were awarded an extra €12.8 million over the past year.
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# bankers-pay - Wednesday 2 May, 2012
Hundreds of bankers in AIB, Permanent TSB – all essentially State-owned institutions – are taking home basic salaries in excess of €100,000.
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# bankers-pay - Friday 16 March, 2012
Bank of Ireland’s annual report shows Richie Boucher benefited by €831,000 last year after waiving €67,000 of pay.
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# bankers-pay - Sunday 12 February, 2012
In the Fix: Whitney Houston’s last performance, and Merkozy ‘hijacking’ eurozone policy.
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Michael Noonan says he is considering bringing in outsiders to help him enforce the findings of a review of banking salaries.
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# bankers-pay - Tuesday 26 July, 2011
Matthew Elderfield says the pay cap is making it tough to get the best talent. Should we consider lifting it?
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# bankers-pay - Friday 10 December, 2010
Amendment to Finance Bill will bring in levy but it will not apply to the deferred 2008 payments of €40m to AIB senior staff.
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# bankers-pay - Thursday 9 December, 2010
AIB senior bankers not the only happy ‘key staff’ renumerated this year…
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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.
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# bankers-pay - 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.
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