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German Prosecutors Raid Deutsche Bank Over €350 M Tax Fraud

7/22/2026

Summary

Story summary

German prosecutors searched Deutsche Bank's Frankfurt headquarters for fraudulent tax transactions in its Postbank division from 2008 to 2010.
The raids also hit Postbank offices in Bonn, marking the third Deutsche Bank search this year.
Authorities say the probe targets “cum-cum” trades around dividend payout days that constitute tax fraud.
BaFin estimates cum-cum and cum-ex schemes could cost €7 billion, with ten former Postbank managers accused of €350 million in state damages.

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Story summary

German prosecutors searched Deutsche Bank's Frankfurt headquarters for fraudulent tax transactions in its Postbank division from 2008 to 2010.
The raids also hit Postbank offices in Bonn, marking the third Deutsche Bank search this year.
Authorities say the probe targets “cum-cum” trades around dividend payout days that constitute tax fraud.
BaFin estimates cum-cum and cum-ex schemes could cost €7 billion, with ten former Postbank managers accused of €350 million in state damages.