Tuesday 21 November 2017

Of course I deserve a bonus. My taxes pay for 10 people on the dole

Kim Bielenberg listens to bankers who are furious that their Christmas jackpot has been taken away

Last night should have been a time of great celebration for the market traders in AIB. After a two-year wait, the elite cadre of the bank, mostly working in AIB Capital Markets, was due to receive its bonus cheques for 2008.

In the Harbourmaster Bar, in the International Financial Services Centre where most of them work, these bankers would have raised a toast to their biggest payday since the start of the recession.

While the average sum was €17,000, some of the most highly valued dealers were due to get payouts of over €160,000 as a bonus payment for a year in which the Irish economy and the banks crashed.

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