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2023: Searches of Frankfurt offices over investigations into Cum-Ex tax dividend scandal
The offices of Nomura Holdings Inc. in Frankfurt are being searched as part of a large-scale German investigation into the Cum-Ex tax dividend scandal, which has involved many of the world's leading banks.
Although the scandal has been going on for more than a decade, it still excites the financial industry. Prosecutors in Cologne are investigating about 1,600 people and increasing pressure on international banks. In recent months, a number of institutions have come under the crosshairs of officials, including BNP Paribas, Bank of America Merrill Lynch and Barclays.
2021: Fine for violating antitrust rules during the 2008 crisis
At the end of May 2021, the European Commission found seven investment banks guilty of violating antitrust rules during the 2008 global financial crisis, with three of them receiving fines. According to the decision of the Commission, Nomura, UBS and UniCredit must pay 371 million euros ($453 million). Read more here.
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