Bernard Byrne

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Bernard Byrne said Davy was ‘committed to working as hard as we can’ to restore clients’ trust. Photograph: Sasko Lazarov/RollingNews.ie

Davy’s interim chief executive, Bernard Byrne, told clients in a video message on Monday that he will personally ensure that the buyer of the embattle(...)

Davy staff were told by interim chief executive Bernard Byrne: “We have an important duty to our clients to be fair, and we have one chance to reset the agenda.” Photograph: Gareth Chaney/Collins

Davy’s interim chief executive, Bernard Byrne, has hired a former colleague and head of customer care at AIB to help in his efforts to rebuild client(...)

The offices of Davy stockbrokers in Dublin. Davy was for many years the central player in stocks and shares and in corporate finance. Its competitors did not like it – and it did not care. Photograph: Niall Carson/PA Wire

“It will be like Game of Thrones in there,” one long-time observer of the financial scene in Dublin put it last week as the fallout developed from the(...)

Davy formally put itself up for sale on Thursday evening, as its board seeks to rebuild trust in the business. Photograph: PA Wire

Davy’s interim chief executive, Bernard Byrne, wrote to clients on Friday evening offering his “unreserved and unequivocal apology and regret” for the(...)

Davy formally put itself up for sale on Thursday evening. Photograph: Niall Carson/PA Wire

Minister for Finance Paschal Donohoe said on Friday that a sale of Davy will require “absolute clarity” on whether a bond-deal scandal that has rocked(...)

The  crisis has resulted in the exit of all of the remaining 16 employees in the firm who took part in the ill-conceived trade, including former chief executive Brian McKiernan, former deputy chairman Kyran McLaughlin (above) and Barry Nangle.

As Davy sought during the financial crisis to pay down debt following a top-of-the-market €316 million management buyout of the business in 2006, a sm(...)

Stockbroker Davy is expected to hire an overseas investment bank to manage the sale of the firm. Photograph: Sasko Lazarov/RollingNews.ie

Former executives at Davy who were at the heart of a bond-trading scandal that has rattled the stockbroking firm – and are still shareholders in it – (...)

Any potential buyer of Davy would be conscious of the need for extensive due diligence. File photograph: Gareth Chaney/Collins

Bank of Ireland has made an exploratory approach to Davy about the possibility of doing a deal, should the crisis-stricken stockbroking firm seek to f(...)

Senior  Central Bank officials will tell the Oireachtas finance committee that Ireland’s regulatory framework ‘requires further strengthening with regard to individual accountability’. Photograph: Alan Betson

The Central Bank of Ireland has said it needs more extensive powers to pursue “individual accountability” as controversy continues over its record €4.(...)

Davy is preparing to hire an outside firm to carry out an independent review of matters arising from the Central Bank’s findings.  Photograph: Niall Carson/PA Wire

Davy’s interim chief executive Bernard Byrne promised the stockbrokerage’s 700-strong workforce that the firm would move quickly to try to address fai(...)

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