Monday July 13, 2020

Paying bankers more will save taxpayers money

It may be politically toxic to remove the salary cap and share option bans, but it is in the country’s best interests to halt the brain drain that’s holding our banks back

Ian Guider

Markets Editor

2nd June, 2019
Paschal Donohoe: it would be an own goal for him to tackle bank pay rises ahead of an election Picture: Fergal Phillips

On the list of government priorities, the issue of paying bankers more money will rank right at the bottom, below the increasing prospect of an economically disastrous hard Brexit, the housing crisis, cost overruns at the National Children’s Hospital, the saga of the National Broadband Plan and an increasingly wobbly global economy.

There are very few people in government with any bandwidth left for the claims of bankers to end the decade-old ban...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Many of us have achieved a new life balance that might just be the real ‘new normal’

Sharyn McAndrew | 1 month ago

Property firms such as QRE are dealing with the coronavirus lockdown by trying to maintain some normality in their day-to-day business

Conor Whelan | 2 months ago

Hardline opposition to EU solidarity in funding the cost of Covid-19 is driven by German allergy to ‘imprudent’ spending, and by Dutch politicians fearing the transfer of funds to southern countries would provoke a far-right backlash

Barry J Whyte | 3 months ago