Noonan asked for Anglo pay cut in April

Bosses at the former Anglo Irish Bank refused Government calls to take a pay cut earlier this year, Finance Minister Michael Noonan has revealed.

The board of what is now Irish Bank Resolution Corporation rejected the plea to cut senior staff wages by 15% last April.

The finance minister urged the nationalised bank’s chief, Alan Dukes, to bring pay levels down in line with salary cuts imposed in the public service.