Banking

State warned about €500k pay cap at AIB by board members it appointed

Ann O'Brien and Raj Singh, who were both appointed to bank’s board by the finance minister, said they had ‘concerns’ over crash-era pay restrictions

Colin Hunt, AIB’s chief executive (left), and Jim Pettigrew, its chairman (right). The lender wants the state to ease the rules around bankers’ pay. Picture: Coalesce