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BNY Mellon, Warburg Group, Deutsche Bank to Pay Cum-Ex Debt

A Bank of New York Mellon office building in New York.

A Bank of New York Mellon office building in New York.

Photographer: Gabriela Bhaskar/Bloomberg

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US bank BNY Mellon and Germany’s Warburg Group will pay 60 million euros ($60.1 million) to German tax authorities over a fund transaction that falls under the country’s Cum-Ex tax scandal, according to a report from Handelsblatt.