Sunday 28 December 2014

Tough times for bankers

Published 11/01/2013 | 05:00

Top bankers have a worrying few weeks ahead, while final touches are put to the Mercer report benchmarking pay levels across the bailed-out banks.

The report has been in the works since October, when the Irish Independent first broke news of the initiative.

The report for Michael Noonan, pictured, was due to be released at the end of last year, but the Punt understands it has been held up by the mandarins on Merrion Street.

It seems Department of Finance officials are having a final chance to crunch numbers on pay and benefits for their better-paid colleagues who happen to be employed by the State in banks rather than departments of state.

No doubt the hard-working boys and girls in finance will bring their usual detachment to the task of running their critical eyes over the Mercer findings.

Irish Independent

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