Top banker tells inquiry his earnings were 'unjustifiable'

The former head of Allied Irish Banks has claimed it was unjustifiable for him to take home millionaire pay packets in the years before the bank needed a €21bn taxpayer bailout.

Eugene Sheehy, who earned more than €7m during his time at the helm, told the Oireachtas banking inquiry that all top bankers’ earnings from the time were unacceptable.