herald

Wednesday 16 January 2019

Bank plea on pay cap

AIB may consider recommending the Government to make an exception to break the cap on bank executive pay as it seeks to appoint a new chief executive.

AIB believes the new chief should be paid nearly €200,000 more than the agreed €500,000 cap.

The low rate salary, in terms of global banking terms, has already been questioned by financial regulator Matthew Elderfield.

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