Bankers to answer for salaries and practices

THE chief executives of the leading banks will be summoned to an Oireachtas committee hearing to explain how their institutions got into so much trouble.

And they are likely to face awkward questions at the meeting about the massive salaries each of them enjoys.

After the emergency legislation to safeguard six Irish banks was passed yesterday, the cross-party Committee on Finance announced it would question the banks about their lending practices and liquidity problems.