BNP Paribas said on Wednesday that prosecutors were searching its Frankfurt premises as part of an long running investigation into a multibillion-euro tax fraud scheme known as “cum-ex” and that it was cooperating fully. German prosecutors said they have been conducting a search at a banking institution in Frankfurt since Tuesday in relation to cum-ex, without naming the bank. “Like we already have done since the beginning of the investigation in 2017, we continue to fully cooperate with the public prosecutor according to legal requirements,” a spokesperson for the bank said. The prosecutors said their investigation ... (full story)