Noonan: Some bankers pay 'far too high, it's ridiculous'

The Finance Minister has said that some bankers pay is "far too high, it's ridiculous" and he will act on it.

But Michael Noonan said his hands are tied with some contracts negotiated by the previous government.

He said that since he took office last year he has not allowed a single breach of the half a million euro pay cap.

And Minister Noonan said Fianna Fáil's Michael McGrath should be pointing the finger of blame at himself:

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