"The Irish justice minister has said senior bank officials in the republic could be in breach of their contracts because the organisations they work for have effectively been put into liquidation.
Alan Shatter said as a result those staff may not be entitled involved to lucrative packages on retirement.
On Tuesday it emerged that a former managing director of Allied Irish Banks received a 3m euros (£2.6m) golden handshake.
Mr Shatter said it "defied belief".
The minister, speaking at a conference in Limerick, said he was putting down a marker on an appropriate way to address the issue of huge pay-offs to senior executives in the financial institutions.
Mr Shatter said financial compensation might not be criminal, but was "grossly immoral", particularly when banks were on public life support because of bad management, flawed judgements and indefensible practices".................read more here
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