It was a deal that brought Davy, Ireland’s biggest and most powerful stockbroker, to its knees, tarnishing both its reputation and its relationship with key clients.  The deal took place in late 2014, but it would take the Central Bank years to unravel its structure and to announce its censure. And when the regulator finally reported in March this year, it triggered a chain of rapid-fire events that would force Davy to put itself on the market.  Fining it a record €4.13 million, the Central Bank described Davy as acting “recklessly” as it “prioritised” a group of 16 of its…

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