The board of Davy has told chief executive Brian McKiernan, along with a number of other high ranking figures at the broker involved in the Anglo bond scandal, to resign. Independent directors of the board of Davy have made it clear to McKiernan that if he will not resign along with other senior executives among the “Davy 16” still in the business, they will do so. An announcement confirming the departure of McKiernan, its deputy chairman Kyran McLaughlin, and its head of bonds Barry Nangle is now believed to be imminent. Davy could not be contacted for comment. The chair…

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