finds itself mentioned side by side with Goldman Sachs. And it’s not a comparison that would automatically spring to mind.
Up to this week, the State had recouped only €10.8 billion of the €20.8 billion it invested to rescue the bank in a move that wiped out 99 per cent of investors’ interest. In AIB’s case, in common with other rescued lenders in the Irish market, it is severely constrained by what it can pay to attract or retain talent. It is, it argues, hobbled, by an overall salary cap of €500,000 and a de facto ban on bonuses and other benefits
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