Is a suit wave to be expected?
The legal law case touches the fundamental question whether in the Cum ex scandal only those banks must cling, which operated Cum ex business themselves or also such, which were active with the share business as Dienstleister.
Warburg itself had been accused by the public prosecutor’s office of being involved in illegal Cum-Ex transactions.
Between 2007 and 2011 the private bank is to have been involved in illegal Cum-Ex transactions. It is to have credited capital yield tax wrongfully, because the domestic Depotbank of the salesman did not retain any capital yield tax. There is the suspicion of a tax evasion in a particularly heavy case.