Sixteen Davy staff involved in profiteering controversy leave firm

In correspondence to the Oireachtas finance committee, seen by the 'Irish Examiner', Davy’s interim CEO Bernard Byrne said none of the 16 individuals involved in profiting from Anglo Irish Bank bonds remains at the firm.

All of the 16 Davy staff involved in the 2014 profiteering controversy following the closure of its bond desk have left the firm, TDs will be told tomorrow.

The Government’s National Treasury Management Agency (NTMA), which organises sales of sovereign bonds for the State, struck off Davy from its roster of primary dealers just days before a €1.5bn auction in which the scandal-hit broker was due to play a key part.