Story · Deutsche Bank
Raid on Deutsche Bank Headquarters Over Cum-Cum Tax Transactions
On July 22, 2026, investigators from the public prosecutor's office and tax investigation raided the headquarters of Deutsche Bank in Frankfurt am Main. The search is focused on suspected tax evasion linked to Cum-Cum transactions, a method where domestic and foreign economic actors shift shares of German companies around the dividend record date to reduce tax burdens on capital gains. Unlike illegal Cum-Ex deals, Cum-Cum transactions are not inherently illegal, but judges and investigators are increasingly viewing them with skepticism. The information was reported by Business Insider and WELT. Further details are expected shortly.
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