Francesca McDonagh is not the first top banker to quit because of Ireland’s pay cap — in fact she is the fifth to leave the country’s two top lenders in four years.
Francesca McDonagh isn’t the first top banker to quit over Ireland’s pay cap, in fact she is the fifth to leave the country’s two biggest banks in four years.
In her next job she will need every ounce of the toughness she has a reputation for: she is jumping ship as chief executive of Bank of Ireland for one of Europe’s most accident-prone financial institutions: Credit Suisse.
Known for her toughness, she’s going everywhere in her next job: She’s stepping down as chief executive of the Bank of Ireland to move to one of Europe’s most trouble-prone financial institutions: Credit Suisse ).