FRANKFURT (Reuters) - German prosecutors said on Friday they had searched a major Frankfurt bank as well as the homes of several suspects on suspicion of tax evasion via so-called "cum-ex" transactions.
The statement followed a report by daily Handelsblatt that said Commerzbank <CBKG.DE> was the target of the investigators' probe.
Commerzbank was not immediately available for comment.
Using cum-ex transactions, also known as dividend stripping, banks in Germany exploited a legal loophole that allowed two parties to claim ownership of the same shares.
(Reporting by Maria Sheahan and Tom Sims; Editing by Douglas Busvine)