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Thirteen members of 'Davy 16' named in High Court

Thirteen of the members of the Davy-16 group of employees who were involved in a 2014 Anglo Irish Bank bond trade at the heart of a Central Bank fine and reprimand for the firm in March were named in the High Court on Monday.
The 13 have been joined as defendants alongside Davy in a case taken by Belfast developer Patrick Kearney, who was on the other side of the trade. Mr Kearney is suing for for damages and aggravated damages, alleging fraudulent misrepresentation, concealment and breach of contract.
He has also alleged that Davy made a windfall profit of about â¬25 million, and deprived him and his company of the best price when it sold the bond on his behalf. ....

United Kingdom , Pat Lyster , Brian Mckiernan , Tony Oconnor , Patrick Kearney , Finbarr Quinlan , Barry Nangle , Kyran Mclaughlin , Anthony Childs , Joseph Mcginley , David Smith , Justice David Barniville , Tom Browne , Tony Garry , Barry King , Fiona Howard , Tom Potter , John Corrigan , Oconnell Partnership , Anglo Irish Bank , High Court On , Central Bank , Kilmona Holdings , Irish Bank , High Court , Tonyo Connor ,

Davy crisis: Firm shuts bond desk, says no one linked to controversial deal is still at firm

Davy crisis: Firm shuts bond desk, says no one linked to controversial deal is still at firm
NTMA earlier pulled Davy’s ability to act as primary dealer of Government bonds
Tue, Mar 9, 2021, 04:45
Updated: Tue, Mar 9, 2021, 19:47

Davy said on Monday evening that it had closed its bond desk, resulting in four redundancies, as it raced to contain a growing crisis triggered by a €4.1 million Central Bank fine and rebuke over breaches of market rules in relation to a 2014 bond deal.
The brokerage said that, following the move, none of the 16 individuals involved in the controversial trade was working for the firm. ....

Brian Mckiernan , Barry Nangle , Central Bank , Irish Times , Irish Government , Financial Services , Anthony Childs , Barry Murphy , Bernard Byrne , David Smith , Eamonn Reilly , Finbarr Quinlan , Paschal Donohoe , Stephen Lyons , Tony Garry , National Treasury Management Agency , பிரையன் மகியர்நெந் , மைய வங்கி , ஐரிஷ் முறை , ஐரிஷ் அரசு , நிதி சேவைகள் , அந்தோணி குழந்தைகள் , பாரி மர்பி , பெர்னார்ட் பெயரனே , டேவிட் ஸ்மித் , பாஸ்கல் தொனொோே ,