Prosecutors on Tuesday raided offices of Germany’s Commerzbank (CBKG.DE) as part of a broader investigation into a fraudulent share-trading scheme, the Cologne public prosecutor’s office said. A Commerzbank spokesman said that the bank could not comment on ongoing investigations. “We are fully cooperating with the authorities and hope the matter is resolved as quickly as possible,” he added. The investigations focus on a practice, known as cum-ex, which involves cross-border trading of company shares around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, with each entitled ... (full story)