# Bankers' Pay

Last year

2022

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.

20.0k

Nov 30th 2022, 12:05 AM

# 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.

32.9k

Nov 29th 2022, 2:45 PM

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.

11.9k

Jul 22nd 2019, 9:10 PM

# 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.

12.0k

Jun 18th 2019, 9:00 PM

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.

25.5k

Apr 11th 2019, 6:45 PM

# 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.

12.4k

Nov 5th 2018, 6:05 AM

# 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.

11.1k

Nov 3rd 2017, 12:05 AM

# 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.

8.0k

Feb 15th 2014, 12:10 PM

# 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.

6.0k

Jan 28th 2014, 12:37 PM

# 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.

16.6k

130

Sep 4th 2013, 3:03 PM

# 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”.

5.7k

Sep 3rd 2013, 8:14 PM

# 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.

11.5k

215

Apr 24th 2013, 9:04 AM

# 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.

4.9k

Apr 16th 2013, 2:22 PM

# 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.

8.7k

130

Mar 20th 2013, 10:47 AM

# 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.

9.0k

Nov 16th 2012, 8:52 AM

# 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.

8.3k

Nov 15th 2012, 7:42 PM

# 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”.

5.4k

Nov 14th 2012, 9:00 PM

# 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.

9.1k

Nov 8th 2012, 7:45 AM

# 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’.

8.8k

103

Nov 6th 2012, 4:13 PM

# 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.

9.7k

Oct 18th 2012, 4:37 PM

# Spain

Sound familiar? Spain creates 'bad bank', limits bank execs pay to €500k

Some are even calling it ‘El Nama’…

4.9k

Sep 1st 2012, 3:20 PM

# 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.

3.4k

Jun 25th 2012, 12:52 PM

# 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.

5.9k

May 2nd 2012, 4:20 PM

# 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.

3.7k

Mar 16th 2012, 8:09 AM

# Daily Fix

The Daily Fix: Sunday

In the Fix: Whitney Houston’s last performance, and Merkozy ‘hijacking’ eurozone policy.

5.6k

Feb 12th 2012, 7:49 PM

# 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.

3.9k

Feb 12th 2012, 4:01 PM

# 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?

1.8k

Jul 26th 2011, 10:22 AM

# 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.

611

Dec 10th 2010, 9:14 AM

# Banker bonuses

Five Anglo Irish staff were awarded bonuses in 2010

AIB senior bankers not the only happy ‘key staff’ renumerated this year…

1.1k

Dec 9th 2010, 4:13 PM

# 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.

1.6k

Dec 9th 2010, 9:25 AM

# 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.

1.4k

Dec 9th 2010, 9:19 AM

# Banking

UK gets tough on Bankers pay

A new code will see at least 40% of bonuses deferred for three years.

149

Jul 30th 2010, 11:54 AM