1. Bank of Ireland Blames Irish Pay Cap as CFO Announces Departure

    Bank of Ireland Blames Irish Pay Cap as CFO Announces Departure

    DUBLIN (Reuters) - Bank of Ireland blamed state-imposed curbs on bankers pay and bonuses for the announcement on Monday that Chief Financial Officer Myles O'Grady would leave the bank for a role outside the financial sector. Ireland capped executive pay at 500,000 euros ($552,300) a year during the euro zone's costliest banking rescue more than a decade ago...

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    1. Myles' decision to leave the Irish banking sector highlights the challenge that remuneration restrictions represent for Irish banks in attracting and retaining talent.
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