Lenihan indicates state may go after Fingleton €1m bonus

FINANCE Minister Brian Lenihan has indicated the State intends going after Irish Nationwide’s former chief executive Michael Fingleton over a €1m bonus paid to him weeks after the banks were guaranteed.

Changes would be made on the building society’s board, Mr Lenihan announced last night after the Government revealed it would take ownership of the embattled financial institution.

The Government will nationalise Irish Nationwide with a capital injection of €2.7bn by the end of the year.