![German private bank M.M. Warburg is embroiled in tax scandal that has now hit its credibility and reputation. Getty Images](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DRO62LRZZC7QHKUJ5IKPP4DBEM.jpg?smart=true&auth=763d95ee64e2df7cf39e934845b025210de2ba7e00cc4e50245a220cc2e9a84d&width=400&height=225)
German private bank M.M. Warburg is embroiled in tax scandal that has now hit its credibility and reputation. Getty Images
German private bank M.M. Warburg is embroiled in tax scandal that has now hit its credibility and reputation. Getty Images
How a storied private bank became embroiled in a tax scandal
Warburg allegedly participated in controversial dividend trades known as Cum-Ex that took advantage of double tax reimbursements
Bloomberg
February 26, 2020