Davy: a corporate titan brought to its knees

It’s been a pillar of Irish public life for almost a century. But now the venerable Dawson Street stockbroker has been rocked by a scandal that threatens to bring down its top brass and destroy its hard-won reputation

7th March, 2021
Davy: a corporate titan brought to its knees
Davy Stockbrokers on Dawson Street: reputation of firm has taken a battering Picture: Fergal Phillips

In the space of little over an hour last Tuesday, two seismic events took place in the cosy world of Irish stockbroking that are poised to have far-reaching consequences for all involved.

At lunchtime, the news broke that an agreement had officially been reached to sell Goodbody Stockbrokers for €138 million to its former owner AIB. With staff owning 49 per cent, this would mean a payday that had seemed unlikely when AIB had offloaded...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

€700m Kerry dairy deal ‘fell through over funding concerns’

Quanta acquires 82-acre data centre site in Dublin

Trustap approaches EU and US investors in €8m funding round

West Wood invests €300,000 to allow members exercise in outdoor areas