Patrick Kearney’s Kilmona Holdings previously sued Davy in 2015 in relation to the deal, settling his case. Photograph:

Belfast property developer Patrick Kearney has launched a lawsuit against Davy and the group of 16 former employees who were on the other side of a 20(...)

Fine relates to a bond deal in which a group of 16 staff sought to make a profit without telling the client or the stockbroker’s own compliance officers. Photograph: Gareth Chaney/Collins

The Minister for Finance Paschal Donohoe has called on Davy to issue a public statement after the brokerage was hit by a €4.1 million Central Bank fin(...)

Funds will argue that they only go to the High Court when they have exhausted all other avenues for repayment or if the borrowers don’t co-operate. Photograph: Istock

The various foreign-based funds and investors – often pejoratively referred to as “vulture funds” – that bought distressed Irish loans during the cras(...)

The ‘Sunday Business Post’ has reported that the Central Bank was investigating the bonds transaction following a complaint. Photograph: Aidan Crawley

The Central Bank is investigating stockbroking firm Davy over the sale of former Anglo Irish Bank bonds by developer Patrick Kearney. Mr Kearney, on(...)

“Last year, AIB accounted for almost one in two of all summary judgment applications in the State.” Photograph: Cathal McNaughton/Reuters

AIB has dramatically stepped up its pursuit of defaulting borrowers and is now by far the most litigious Irish lender when it comes to chasing unpaid(...)

Former Anglo Irish Bank HQ in Dublin: Mr Justice Gerard Hogan found there was negligent misstatement by the bank concerning an investment and that certain of its written documents sent to  John Spencer concerning the investment included material misrepresentations.

A solicitor who was one of several “high-net-worth” individuals who separately invested sums totalling £51 million in a redevelopment that never proce(...)

A financial fund has been refused summary judgment for almost €6 million against a financial markets trader after the High Court ruled he was entitled(...)

In many cases, Ulster Bank has already taken enforcement action against the borrowers Cabot is going after

A US-owned debt recovery company has bought a significant portfolio of distressed personal debts from Ulster Bank and is pursuing many high-profile p(...)

Many funds that bought distressed Irish business, consumer and property loans from Irish-based banks are active in the courts system, filing summary judgment cases to make borrowers pay their debts.

Small businesses whose bank loans were bundled into portfolios and sold to “vulture” funds have been advised to consider going into examinership to pr(...)

An action against Davy stockbrokers over allegedly negligently advising a businessman to sell investment bonds for around €5.58 million, which he claimed was a significant undervalue, has settled

An action against Davy stockbrokers over allegedly negligently advising a businessman to sell investment bonds for around €5.58 million, which he clai(...)

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