Davy scandal: Oireachtas committee chair calls for independent inquiry
O’Callaghan to ask regulator why it didn’t invoke powers for protection of investors
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O’Callaghan to ask regulator why it didn’t invoke powers for protection of investors
Stockbroker faces scramble to hold on to clients as top executives resign
Stockbroker faces scramble to hold on to clients as top executives resign
How did the broker end up being fined €4m and what happens next?
Davy Stockbrokers are, sadly, too big to fail. This weekend, the firm's solid edifice in Dublin's Dawson street is all that remains upright. Inside, the staff are staggering but still standing. Customers are bewildered, worried that their pensions, shares and savings are at the mercy of a rogue outfit. The Government is shaken by the antics of its favourite stockbroker. Last week's fine of €4.1m, imposed on Davy by the Central Bank, has revealed a tale of intrigue, deceit and greed. Yet Davy will survive. In Ireland's financial jungle, Davy is the uncrowned king. Powerful people are at the...