Tuesday 16 January 2018

No room for Wild West in future

Bloxhams, one of the oldest stockbroking companies in Dublin, has disappeared from the scene after the discovery of "financial irregularities" in its accounts. At first glance, the news comes as a shock.

A 150-year-old firm goes out of business, with the loss of 50 jobs and leaving the inevitable question: how did it take five years to discover that something was wrong?

A similar question was asked last October, when Custom House Capital collapsed. But there is one very striking difference between the two events.

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