Div-Arb: Wall Street Stock Loans Drain $1 Billion A Year From German Taxpayers

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This story was co-published with The Washington Post. German companies are known for paying some of the heftiest dividends among world stocks, one reason U.S. investment giants such as BlackRock and Vanguard are among the biggest holders of German shares. But Wall Street has figured out a way to squeeze some extra income from these stocks.…

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