Former Deutsche Bank Co-CEO’s Home Raided in Cum-Ex Probe

German authorities raided Deutsche Bank AG’s headquarters as well as the home of former co-chief executive officer, Juergen Fitschen, as part of a vast investigation of the controversial Cum-Ex transactions that’s embroiled some of the world’s most powerful financial firms.

Cologne prosecutors began inspections at the bank’s Frankfurt premises on Tuesday, the lender said, adding that the raid is part of an ongoing investigation pending since 2017, in which the company is fully cooperating.

Juergen Fitschen

Photographer: Krisztian Bocsi/Bloomberg

A spokeswoman for the Cologne authority separately confirmed that 114 officers are raiding the financial institution and the homes of ten suspects without disclosing ...