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?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .