David Smith

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Davy stockbrokers was fined €4.13 million for breaching market rules in relation to a transaction involving the broker’s own staff. Photograph  Sasko Lazarov

Bidding for Davy has topped €475 million, far outstripping estimates of the stockbroking and wealth management firm’s value before it was rocked by a (...)

Davy has claimed that developer Patrick Kearney lawsuit is ‘entirely opportunistic’. Photograph: Gareth Chaney/Collins

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 (...)

Davy House on Dawson Street: To be an Ailmount director you once had to also be a Davy employee. Photograph: Gareth Chaney

In most employment contracts for individuals lucky to have shares in a business, those that depart are automatically “good leavers” unless decided oth(...)

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(...)

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(...)

Davy was the only Irish-owned firm among the 15 primary dealers of Government bonds recognised by the NTMA. Photograph: Getty

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 (...)

Conor O’Kelly, chief executive of the NTMA. Photograph: Alan Betson

The National Treasury Management Agency (NTMA) declined to comment on Monday on whether Davy will be involved in an auction of Government bonds this w(...)

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