Full coverage: Stockbrokers

After its acquisition by AIB last year, Goodbody has found a new home. The move by the stockbroking firm into Dublin 2 will situate it less than fifty metres from its arch-rival Davy.

Kyran McLaughlin resigned as Davy’s deputy chairman over his participation in a 2014 bond deal where the firm failed to meet its conflict of interest obligations. At the same time, he was personally investing in companies targeted by a Davy client.

Davy told a client it would get him the best possible price. Startling new emails reveal how Davy spun the deal to Patrick Kearney, portraying how it was acting on his behalf while secretly selling his assets to 16 gilded Davy executives.

Brian McKiernan, Kyran McLaughlin and Barry Nangle left their management and board positions at J&E Davy last week but remain central to the stockbroking firm's ownership and control through a web of companies stretching to the Isle of Man and Gibraltar.

By withdrawing its support for Davy, the NTMA has precipitated the closure of the broker's bond desk. But it has also left Davy exposed to an exodus of clients.

Davy will be hoping this blows over. Hopefully, it won’t. This is a bona fide scandal. Talk of cultural reform is all well and good, but it is hard to believe and hard to stomach.

The Central Bank’s €4.1m censure is only the start. Add in the legal bills Davy incurred over a multi-year investigation. Plus, it also paid out a multi-million euro settlement to the developer the firm wronged.

Ronan Reid led Dolmen Stockbrokers through boom and bust, before selling it to Cantor Fitzgerald. In this interview he talks about the journey. However, he also speaks about the sad death of his wife Karen, and how it forced him to question the balance of building a business and raising a family.

Chinese financial giant has dispatched a team to Dublin to seal deal for broker but faces challenge from Davy and Irish Life.