Top Irish Securities Firm Shuts Bond Desk as Scandal Ripples On
- None of 16 involved in 2014 deal now at firm, company says
- Central bank to slam Davy in front of lawmakers on Tuesday
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Ireland’s top securities firm closed its bond desk and said all those involved in a deal which has plunged the company into controversy have now exited, as it sought to draw a line under the worst scandal to hit Dublin’s stockbroking community in decades.
Four staff were made redundant by the closure, Davy said. The move comes after a central bank investigation prompted the nation’s debt office to strip the firm of its role as a primary dealer in government bonds on Monday.