Macquarie Group Ltd. said German prosecutors have designated about 60 current and former staff as suspects in their probe of so-called Cum-Ex trades, a doubling of the number within just over a year that reveals mounting pressure on the Australian bank caught up in the controversial strategy.
The lender has been responding to requests for information in the industry-wide investigation, the Australian bank said in a statement on Thursday. Most of the suspects no longer work at Macquarie and some were already identified, including Chief Executive Officer Shemara Wikramanayake, it said. No current staff have been interviewed.
Macquarie is embroiled ...