German prosecutors search BlackRock in dividend-stripping inquiry -source

Prosecutors searched the Munich offices of BlackRockon Tuesday, a person with knowledge of the matter said, as part of the country's largest post-war fraud investigation.The practice being investigated, known as cum-ex, typically involved trading company shares rapidly around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate.A BlackRock spokesman said the world's biggest fund manager was "fully cooperating with