Oireachtas Joint and Select Committees

Thursday, 4 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Bank of Ireland

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

Will the bank revert to us, as it is a significant issue for the people affected? In our earlier discussion on culture, the word "bonus" was not mentioned, but we are aware that a great deal of pressure has been put on the Government to jettison the caps on payments to senior executives. We understand the arguments that our guests have made about the difficulty in recruiting staff. In light of Mr. O'Beirne's comments just now, though, one has to smile at that. The people who are in a middle or lower position in the bank are in a dilemma. They are not receiving €500,000 or €600,000 in annual remuneration and, like many others, are still struggling in the aftermath of the crash.

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