Commerzbank board member resigned over cum-ex trading investigation

FRANKFURT: Andreas Schmitz's resignation from the supervisory board of Commerzbank was related to an investigation of him over alleged involvement in the so-called cum-ex share trading scheme, multiple sources told Reuters on Thursday.

Commerzbank's largest shareholder, the German government, lost confidence in Schmitz, who resigned following a meeting of supervisory board members on Wednesday, some of the people said.