WeWork’s rescue package may be in trouble

SoftBank Group is trying to borrow $3 billion from Japan’s three largest banks as part of its effort to save WeWork and it’s not going well. Talks have stalled amid the lenders’ concern over credit risk and reports that the banks have hit internal limits, Reuters reported. The three banks involved are Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group. Despite halting discussions, the banks are trying to work with the

source https://therealdeal.com/2019/12/23/weworks-rescue-package-may-be-in-trouble/