‘People did things that they probably wouldn’t, shouldn’t and couldn’t have done’
Former Davy employees describe a ferociously greedy company culture, as the stockbroker scrambles to assuage the doubts of its corporate clients
Last Monday, after Bernard Byrne addressed Davy’s staff in an attempt to temper their anger, client managers began their own efforts to protect the reputation of the embattled stockbroker.
Byrne told the almost 700 staff that the board’s “number one priority right now is to restore trust by acting decisively to ensure that nothing like this can ever be permitted to occur again”.
As part of the move to restore...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Pressure on Irish banks to open up to crypto firms
Up to now, Irish companies involved in cryptocurrency have been prevented from using certain Irish banking services
Pearse Doherty raises ‘heartbreaking’ losses suffered by Irish Dolphin Trust investors
Sinn Féin finance spokesman asks in Dáil why Central Bank took no action
Two big to fail: will the sale of Davy undermine Irish banking?
Davy Stockbrokers is likely to be bought by Irish Life or Bank of Ireland, and with AIB buying Goodbody, it will create two banking behemoths, raising a number of questions as to what that will mean for the market here