Michael Fingleton: May not have to repay €1m bonus

IRISH Nationwide boss Michael Fingleton is expected to resign on Monday next following the controversy over a €1 million bonus.

However, he is unlikely to hand back the money that was sanctioned before the bank guarantee scheme was introduced in September.

Mr Fingleton, 71, could also walk away with a €7m tax-free pension after it emerged he is the sole beneficiary of a €27.6m pension fund of which 25% is tax-free.