Page 3 - Barry Nangle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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The largest securities firm in the State put itself up for sale in March in an effort to rebuild trust in the business and address concerns about former executives involved in the 2014 bond deal remaining as major shareholders. Investment bank Rothchild is handling the process. The Central Bank fined Davy €4.1 million that month, saying it breached market rules by failing to identify whether a conflict of interest existed as 16 employees bought junior bonds in Anglo Irish Bank from a client in November 2014 without disclosing that they were the buyers. The regulator also found that Davy...

  Thirteen of the members of the Davy-16 group of employees who were involved in a 2014 Anglo Irish Bank bond trade at the heart of a Central Bank fine and reprimand for the firm in March were named in the High Court on Monday. The 13 have been joined as defendants alongside Davy in a case taken by Belfast developer Patrick Kearney, who was on the other side of the trade. Mr Kearney is suing for for damages and aggravated damages, alleging fraudulent misrepresentation, concealment and breach of contract. He has also alleged that Davy made a windfall profit of about €25 million, and dep...

Minister O’Donovan announces free admission to OPW visitor sites in support of the Government’s recovery and reopening plan 14th May 2021 - Patrick ODonovan TD Mr. Patrick O’ Donovan T.D., Minister of State with responsibility for the Office of Public Works (OPW), today announced that admission charges to all fee-paying openOPW heritage sites are being waived in line with the Government’s recovery and reopening plan outlined in The Path Ahead. With inter-county travel possible once again and museums and galleries allowed to reopen earlier this week, this measure will suppor...