Demise of homegrown stalwart sent shockwaves through Cork’s finance hub

THE financial calm of the business hub of the South West - Cork’s South Mall - abruptly shattered when the city’s only homegrown stockbroking firm went to the wall.

The collapse of W&R Morrogh shook the fiduciary foundations of the South Mall, home to more accountants, banks, financial advisors, insurance brokers, solicitors and stockbrokers than any other street in Ireland.

The closure by the Central Bank of W&R Morrogh in April 2001 ended an unbroken Morrogh family tradition dating back to 1887.