Kenny 'appalled' at €3m golden handshake for ex-AIB boss

A new report on the causes of the banking crisis says the main reason for the financial crash was the unhindered expansion of the property bubble financed by the banks.

The Taoiseach Enda Kenny has said he, like the rest of the country, is absolutely appalled at a multi-million euro "golden handshake" payment to the former Chief Executive at Allied Irish Banks.

It emerged earlier that Colm Doherty received more than €3m when he was forced out of the job last November as part of the second bailout of AIB.