On March 10, The Currency revealed that the board of Davy had decided to sell the business. The move came following a damning Central Bank report into the stockbroker, the fallout of which triggered the NTMA to cut its relationship with the firm. Other clients, such as Irish Life Investment Managers and Setanta Asset Management, had followed suit. The sale of the business was designed to stem the haemorrhage. The decision to sell was confirmed by the company later that week, and raises a significant question: just how much is Davy actually worth? The Currency has obtained new information in…

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