BaFin Survey Exposes Scale of Cum-Ex Scandal, Implicating 94 Financial Institutions

BaFin released a survey showing that 73 banks and 21 insurers participated in Cum-Cum and Cum-Ex dividend trading schemes, which resulted in approximately seven billion euros in losses to the financial industry. The financial consequences of these controversial transactions remain visible today.

Three German Banks Sue Linde Group for Hundreds of Millions Over Failed Russia Project

Three German banks are pursuing legal action against industrial gas company Linde Group seeking recovery of hundreds of millions of euros. The dispute stems from a failed Russia project for which Deutsche Bank, HVB (HypoVereinsbank), and Commerzbank had provided guarantees as part of the financing arrangement.

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