Niamh Brennan: Davy’s double-dealing sees its trust rating take a big hit

The revelation that 16 executives at the stockbroking firm were deceiving a client demands more than wishy-washy statements and assurances

7th March, 2021
Niamh Brennan: Davy’s double-dealing sees its trust rating take a big hit
‘Davy’s communication since last Tuesday, when the Central Bank revealed it was imposing a fine of €4.13 million on the stockbroker, has been truly embarrassing’. Picture: Sasko Lazarov/Rollingnews.ie

Davy’s website features a promise. “For us, it’s not business, it’s personal . . . at Davy, our purpose is to deliver world-class outcomes for you,” it says.

It also claims a 97 per cent trust rating from clients, but it should probably re-canvass its client base, as I doubt that claim would stand up to scrutiny now.

For one client, Patrick Kearney, the outcome was far from “world-class”. Instead, as...

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