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Did Davy not learn from the past? The stockbroker had come to supervisors’ attention in relation to bond deals with credit union clients
Sat, Mar 13, 2021, 06:00
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Davy stockbrokers in Dublin. Photograph: Niall Carson/PA Wire
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Davy was always a house of high finance, where professional investors made fortunes when markets were riding high. But in the broker’s entanglement with credit unions it was local institutions funded by small-time savers whose money was at stake.
At the end of a catastrophic week for Davy, the company is for sale. This is the direct result of a €4.13 million Central Bank fine over a 2014 Anglo Irish Bank bond deal in which Davy was on two sides of the transaction.
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leg. break em, break em, break em, break em. yeah! all right, brother. thank you so much! you re welcome! we love it! always good to hang out. @silento. 2017, my ep, everything is dropping. let s go. all right, thank you, brother. thank you so much. thank! still to come, the man who will launch the ball, the press press the button on the ball, u.n. general secretary bankban ko bank bank bankey moon joins us. can you feel it! happy new year, everybody. it s going to be a great time, 2017. i can hardly wait.