Scrutiny
German banks may face €1.9 billion hit over dividend stripping
Amount reflects exposure of 24 banks involved in transactions, known as Cum-Ex
German banks may face a hit of €1.9 billion from their involvement in a dividend-stripping practice that has recently come under scrutiny, the country's financial market regulator estimates.
The amount reflects the exposure of 24 banks involved in the transactions, known as Cum-Ex, calculated by regulator BaFin based on figures provided by the lenders.
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