When the fall of Davy finally came, it came quickly last week - and it landed with a bang. The reverberations will be felt for some time, in the corridors of power, the oak-panelled halls of Corporate Ireland and the homes of well-to-do families that entrusted the blue chip firm to discreetly invest their wealth.
The main event is not over yet, however. J&E Davy Stockbrokers is on the block. Its sale can expect to reveal some more of what really went behind the curtain in one the country s most venerable such firms. The due diligence process will be interesting, according to one source familiar with the process.
It was noteworthy how only last week when reporting on the winding down of the Ulster Bank operations which will include its Sligo branch, how people had been travelling in from Ballymote and Tubbercurry to do their business there.