Four M.M. Warburg & Co. bankers were indicted in Germany over their role in the Cum-Ex scandal, paving the way for another trial in a probe that has roiled the financial industry.
The indictment was filed by Cologne prosecutors at the same court that has already convicted two former London investment bankers, according to a person familiar with the case. It’s the fourth case filed in the country where prosecutors are probing hundreds of people involved in the controversial trading strategy.