Bank of Ireland closes in on €400m deal to buy DavyMembers of the Davy 16 group, who were involved in the Anglo Irish bond scandal, are set to share payouts amounting to around €170 million
Davy staff look to block sale of firm to private equity biddersEmployees fear a private equity firm will sell off less profitable sections of the stockbroker, while three members of the Davy 16 group are contesting their inclusion as defendants in a new legal case over the Anglo bond sale
Davy Stockbrokers ‘likely to’ fetch up to €400m when sold Final sale price is likely to be heavily caveated and could depend on the firm being given full clearance by the Central Bank over regulatory issues
Davy claims developer Kearney’s new legal action is ‘opportunistic’Solicitors for the stockbroking firm wrote that the developer was ‘fully aware’ of the involvement of Davy employees in the O’Connell Partnership
Former Davy chief executive quits board of Home InsteadTony Garry, who retired from the troubled stockbroking firm in 2014, is one of 16 former executives linked to a controversial bond deal in that year