Anglo to give staff rises ahead of €15bn losses

ANGLO Irish Bank, which is expected to announce record-breaking losses of up to €15bn, has approved pay rises for key staff.

Forty staff in this country, 20 in Britain and 10 in the US-based operations of the scandal-ridden bank are expected to benefit from what have been termed “not insubstantial” pay hikes.

The bank is reported to have said increased pay will be awarded to staff whose roles and responsibilities have dramatically changed since a voluntary redundancies programme was introduced in the wake of the Government taking control of the disgraced lender.