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Weyburn council wrestles with issue of local contract bids - Vimarsana News

Weyburn council wrestles with issue of local contract bids

The project is install new pedestrian ramps in 18 locations at nine intersections around the city, along with installing a new sidewalk in front of the new Legacy Park Elementary School on Fifth Street. At the March 22 meeting, Coun. Mel Van Betuw felt that the city should go with the low bid from A&B Concrete, even though the bid was incomplete. He noted that the City has used this firm before and they know their work, so they should be able to make an exception to the tender requirements. Some councillors were inclined to agree, but a concern was expressed that the city could look bad to...

Davy review to look forensically at staff trading - Vimarsana News

Davy review to look forensically at staff trading

Davy review to look forensically at staff trading Review to assess controls and governance aimed at preventing conflicts of interest Tue, Mar 16, 2021, 18:50 Updated: Tue, Mar 16, 2021, 19:58   Davy has asked Alvarez & Marsal, an international professional services firm, to look forensically at staff trading over the past seven years as part of a review of matters arising from a Central Bank investigation into a bond trade that has seen the firm spiral into crisis over the past two weeks. The work will be led by Paul Sharma, managing director with Alvarez & Marsal Financial Servic...

Disgrace of Davy: How monstrous greed ate a financial giant - Vimarsana News

Disgrace of Davy: How monstrous greed ate a financial giant

When the fall of Davy finally came, it came quickly last week - and it landed with a bang. The reverberations will be felt for some time, in the corridors of power, the oak-panelled halls of Corporate Ireland and the homes of well-to-do families that entrusted the blue chip firm to discreetly invest their wealth. The main event is not over yet, however. J&E Davy Stockbrokers is on the block. Its sale can expect to reveal some more of what really went behind the curtain in one the country's most venerable such firms. "The due diligence process will be interesting," according to one source fami...

Skeletons in the cupboard spring back to life - Vimarsana News

Skeletons in the cupboard spring back to life

Davy stockbrokers is dead and buried. The rump of the Davy board made a dark decision on Thursday: bury the brand, put the body up for sale. The result: the guilty participants will head for the hills with their saddle bags full. Shamed maybe, but stinking rich. The innocent, the vast majority of the 700 bewildered staff, will be floundering, their future at the mercy of the markets. Customers are on tenterhooks. How far has the rot spread? Will the Davy disease impoverish them? The brand will be buried with indecent haste, but that should not mean the evidence is buried alongside it.

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal - Vimarsana News

'Breaking the link': Ireland's corporate accountability regime set for major overhaul in the wake of Davy scandal

The Central Bank wants an expanded regulatory toolkit to tackle individuals.