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Dublin: 12 °C Saturday 19 April, 2014

Bankers' Pay

# bankers-pay - Saturday 15 February, 2014

From TheJournal.ie Noonan confirms he said no to bonuses in face-to-face meeting with AIB bosses 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.

# bankers-pay - Tuesday 28 January, 2014

AIB silent over bonus plan for top executives, government says policy hasn’t changed 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.

# bankers-pay - Wednesday 4 September, 2013

‘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-pay - Tuesday 3 September, 2013

From TheJournal.ie AIB chief is ‘not aware of’ any internal investigations into former directors 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 - Wednesday 24 April, 2013

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.

# bankers-pay - 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.

# bankers-pay - Wednesday 20 March, 2013

From TheJournal.ie Poll: Does bankers’ pay need to be high to attract the right people? Your Say This post contains a poll

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 - Friday 16 November, 2012

From TheJournal.ie Bankers’ pay: 1,262 staff at AIB earning six-figure packages 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 - Thursday 15 November, 2012

From TheJournal.ie 24 staff at Bank of Ireland earning over €400k a year 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-pay - Wednesday 14 November, 2012

From TheJournal.ie Labour TD calls for bankers’ pay and pensions to be tackled 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-pay - Thursday 8 November, 2012

From TheJournal.ie Six execs at former Anglo Irish Bank earn over €500k a year 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 - Tuesday 6 November, 2012

From TheJournal.ie AIB chief executive asks senior executives to give up pensions 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 - Thursday 18 October, 2012

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.

# bankers-pay - Saturday 1 September, 2012

# bankers-pay - Monday 25 June, 2012

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 - Wednesday 2 May, 2012

From TheJournal.ie 1,065 top bankers earn basic salary over €100K 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.

# bankers-pay - Friday 16 March, 2012

From TheJournal.ie Bank of Ireland chief executive given €898,000 package last year 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.

# bankers-pay - Sunday 12 February, 2012

From TheJournal.ie The Daily Fix: Sunday Daily Fix

The Daily Fix: Sunday

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

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.

# bankers-pay - Tuesday 26 July, 2011

From TheJournal.ie Poll: Should the State abolish the cap on bankers’ pay? Your Say This post contains a poll

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?

# bankers-pay - Friday 10 December, 2010

From TheJournal.ie Future bankers’ bonuses to be hit with 90 per cent tax 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.

# bankers-pay - Thursday 9 December, 2010

From TheJournal.ie Five Anglo Irish staff were awarded bonuses in 2010 Banker Bonuses

Five Anglo Irish staff were awarded bonuses in 2010

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

From TheJournal.ie 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.

From TheJournal.ie July 2010: Brian Lenihan calls end to “mad bonuses”. Dec 2010: AIB bankers get €40m bonus. 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.

# 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.