German authorities search BNP Paribas in Frankfurt in Cum-Ex probe

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DPA

German investigators have conducted a search of the Frankfurt branch of France’s BNP Paribas bank in connection with the Cum-Ex share trading scandal that deprived European treasuries of large sums. The bank on Wednesday confirmed the search of its Frankfurt premises in connection with scandal in response to a request from dpa following a report in the German business daily Handelsblatt. “As since the beginning of the proceedings in 2017, the bank continues to cooperate in full with the investigating authorities within the context of the legal requirements,” a BNP Paribas spokeswoman said. Sta…

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