#Latest news with #CumExBloomberg22-05-2025BusinessBloombergTP ICAP Hit by Multimillion-Euro Ruling for Short-Selling Role in Dividend Tax ScandalTP ICAP Group Plc was hit by a German court ruling ordering it to pick up a potentially multimillion-euro tax bill because the broker allowed its managers to commit crimes with Cum-Ex trading. A Hamburg court issued the judgment in a case brought by M.M. Warburg & Co, which sued TP ICAP and others over losses of €291 million ($329 million) — the amount the German lender had to repay to authorities in the affair.
Bloomberg22-05-2025BusinessBloombergTP ICAP Hit by Multimillion-Euro Ruling for Short-Selling Role in Dividend Tax ScandalTP ICAP Group Plc was hit by a German court ruling ordering it to pick up a potentially multimillion-euro tax bill because the broker allowed its managers to commit crimes with Cum-Ex trading. A Hamburg court issued the judgment in a case brought by M.M. Warburg & Co, which sued TP ICAP and others over losses of €291 million ($329 million) — the amount the German lender had to repay to authorities in the affair.
22-05-2025
