Max Warburg

M.M. Warburg, the bank at the centre of the cum-ex tax scandal, has temporarily paused its process to find new investors. But the Hamburg-based private bank has found a solution to a loan repayment coming due.

M.M. Warburg pausiert ihre Investorensuche. Die Hamburger Privatbank hat trotz Cum-ex-Belastung eine Kreditlösung gefunden. Die Kapitalstärkung und Neuausrichtung sind bis 2026 geplant.

The Cum-ex trial against former Warburg Bank CEO and shareholder Christian Olearius could also raise questions about his role within the ownership circle. The financial supervision authority is examining his suitability in an ownership control procedure, potentially opening the dorr for an external investors entry.