JPMorgan’s Frankfurt offices Raided.

JPMorgan’s Frankfurt offices raided as part of ‘cum-ex’ tax probe – Bloomberg News

JPMorgan Chase & Co’s Frankfurt offices are being raided by German authorities as part of their vast probe into “cum-ex” transactions, Bloomberg News reported on Wednesday. We continue to cooperate with the German authorities on their ongoing investigation,” a JPMorgan spokesperson told Reuters in an emailed statement. A spokesman for Cologne prosecutors confirmed to Bloomberg a raid was taking place in Frankfurt but declined to identify the target.