M. M. Warburg's partners agree to backstop potential 'cum-ex' claims
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FRANKFURT (Reuters) - German lender M.M. Warburg on Tuesday said its partners would provide financial backing to settle any claims related to the so-called "cum-ex" trading scheme, explaining that authorities are probing potential claims up to 280 million euros.Prosecutors in Germany are investigating whether Warburg helped to mislead tax authorities into thinking a stock had multiple owners who were each owed a dividend and a tax credit, by trading shares rapidly around banks, investors and..