Obscene pay rises in banks must be stopped, says Ross

Ministers must step in to halt “obscene” pay increases at bailed-out banks, opposition TDs have insisted.

The call follows revelations in Bank of Ireland’s annual report that its chief executive Richie Boucher took home a package worth €843,000 last year.

The bank’s chairman Archie Kane was paid €394,000 for his role — plus another €59,000 for a “consultancy arrangement” with the organisation.