Deutsche Bank and the World Bank launched a $1.1 billion (1 billion euro) trade finance platform to increase access in emerging and frontier markets. Following this launch, Frankfurt prosecutors executed search warrants at Deutsche Bank's headquarters and branches in mid-July. These investigations by German tax authorities are connected to so-called 'cum-cum' tax transactions.
German authorities searched Deutsche Bank's main offices as part of an investigation into controversial cum-cum tax dividend strategies.
Read the full storyGerman prosecutors executed a search warrant at a bank branch on Tuesday, sparking fresh regulatory concerns despite undisclosed investigation targets.
The new partnership aims to boost emerging and frontier market access to global trade finance through a 1-billion-euro platform.