Ex-Macquarie Banker Must Stand Cum-Ex Trial, Court Rules (1)

A former banker at Macquarie Group Ltd. must stand trial in Germany over the Cum-Ex affair, a German court ruled, making him the first former staffer from a major international investment bank to face charges in court in the tax scandal.

The trial against the man will start on May 21 at a Bonn court, a spokesman for the tribunal said by phone. Hearings are scheduled until mid-July, he added. Cologne Prosecutors charged the man last year over trades that took place before 2012, people familiar with the matter have said.

The accused’s defense lawyer and Macquarie’s UK press office ...