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...

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