Top bankers’ pay cap to stay at €500,00 but other incentives are on the cards

The pay cap of €500,00 for the top bosses at AIB and Permanent TSB, in which the Government owns large stakes, is likely to be retained but other incentives for more junior executives are on the cards.

It comes after the political second-in-command at the Department of Finance, Michael D’Arcy indicated to the Financial Times in an interview at a banking conference in New York that the cap would likely stay in place.