Anti-poverty groups hit out over plans to reinstate bank bonuses

Plans by the Central Bank to reinstate bonuses and pay rises for high-earning officials are an insult to people struggling to survive post-recession Ireland, anti-poverty groups have said.

St Vincent de Paul and Social Justice Ireland issued the warning after the Irish Examiner yesterday revealed that the move is being considered for as early as 2015.

Under plans confirmed by the financial institution, “an examination of potential reward models for the future” is being scheduled as part of wider structural changes to the Central Bank.