AIB chief to take pay cut as he admits bank mistakes

AIB’s chief executive is unlikely to look for a bonus or a pay rise for the rest of his career, after he admitted the bank has made mistakes.

Ireland’s largest bank, AIB is well placed to support its customers and any scandals at Anglo Irish Bank will not impact the group or Bank of Ireland, according to chief executive Eugene Sheehy.

“We are surprised and disappointed at what has been revealed,” Mr Sheehy said yesterday.