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THE CENTRAL BANK has ordered Bloxham, one of the biggest stockbroker and asset management companies in Ireland, to cease all regulated activities with immediate effect.
The unexpected move came about after the management of Bloxham informed the Central Bank of financial irregularities at the firm when the markets closed last Thursday evening. The Central Bank has been pursuing an investigation into the company and following a definite line of inquiry.
The Central Bank ordered the company to cease trading at 5pm on Friday, but news was only released this morning about the move.
Bloxham has agreed to transfer all private clients and its fund management business to Davy in a deal worked out early this morning.
The Central Bank will continue its own investigation into the financial irregularities at Bloxham.
Calls to Bloxham and Davy were not immediately returned this morning.
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Good to see a pillar bank being progressive in appointing a young woman to the top job.
I’d be scared of her.
Poached? How can they afford that? Why can’t they offer more competitive interest rates for instance instead of wasting their money on overpaid overpriced exec’s from England?
@An_Beal_Bocht:
Yawn
@An_Beal_Bocht: I’m pretty sure they are in the black now so I’m sure they can well afford to pay her a decent wage. And if you’re not happy with their interest rates go elsewhere- Ulster Bank and KBC both have more attractive products on offer.
A bailout loan was only €3.5m? Is that supposed to be billion?
I would like to know if she was involved with any of money laundrying schemes for organized crime which HSBC was convicted if a couple of years back
Not good at all. This is going to backfire spectacularly.
@Rockhopper617: Why?
€950000 a year-that’s around €17000 a week without bonouses wow! the poor woman i think i’ll send her on a few bob,
Another riSe in your bank statements to pay for the poaching
Another heartless hatc -faced creep who couldn’t care less about the customers.
have your say