AIB staff who move to Goodbody won’t be paid more than €500k cap, bank boss says
Pay for about 30 employees who transfer to stockbroker in acquisition deal will not exceed bankers’ cap introduced after state bailout
AIB employees who transfer to Goodbody as part of the €138 million deal between the companies will not be paid more than the bankers’ remuneration cap, the bank has said.
Colin Hunt, AIB’s chief executive, will today tell the Oireachtas finance committee that AIB’s acquisition of the stockbroker was not a “means of circumventing the government pay restrictions”.
In a submission ahead of the hearing, Hunt said a...
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State holding in PTSB to shrink to 60% due to Ulster Bank deal
As part of the €7.6 billion loan book buyout, NatWest is due a 20 per cent share in Permanent TSB, which will dilute the shareholding of other investors
NatWest could take 20% PTSB stake as part €7.6bn Ulster Bank loan sale
The proposed new deal would see the British bank become a significant shareholder in Permanent TSB, with the Irish lender also set to take over 25 Ulster Bank branches
Davy transactions not subject to ‘adequate’ review, Alvarez & Marshal finds
The firm retained by Davy to conduct an internal review after the stockbroker was fined by the Central Bank said some dealings which had a high risk of conflict of interest should have been scrutinised more closely