The cost to Davy Stockbrokers of the private activities of 16 employees is approaching €15 million. The figure comes as the stockbroker reels from being branded as acting “recklessly” in the damning conclusions of an enforcement action by the Central Bank of Ireland that led to it being fined €4.13 million. Davy declined to comment on the total cost of dealing with the investigation and the associated costs of the seven-year-long debacle, other than to refer to a statement saying that its board had begun a detailed review of the Central Bank’s findings. The legal bill for Davy for defending…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .