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.

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

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