Deutsche Bank HQ Raided in Cum-Cum Tax Probe

German prosecutors searched Deutsche Bank’s Frankfurt headquarters in a probe into Postbank transactions from 2008 to 2010, with the bank confirming it is cooperating and being treated as a third party. The raid centers on alleged cum-cum tax arrangements related to Postbank, which Deutsche Bank acquired in 2010, and investigators are examining possible tax evasion tied to these deals. The investigation is one of several legacy probes weighing on CEO Christian Sewing’s turnaround, as authorities scrutinize past practices tied to Postbank’s integration completed in 2024. Reports indicate that ten former Postbank executives are named as suspects in this case, and the potential losses cited exceed hundreds of millions of euros for falsified tax returns connected to cum-cum structures. Deutsche Bank, as Postbank’s legal successor, faces ongoing tax- and compliance-related inquiries, including prior cum-ex settlements, underscoring the continued fallout from legacy trading schemes.