(Bloomberg) — Bank of China Ltd. is discussing ending a credit facility to Germany’s Wirecard AG, a move that would complicate the beleaguered company’s fight for survival after it was engulfed by a multi-billion-dollar accounting scandal.China’s fourth-largest lender may write off most of the 80 million euros ($90 million) it’s owed and not extend the credit line, the people said, asking not to be identified as the discussions are private. Bank of China — one of a group of at least 15 commercial banks behind $2 billion in financing to Wirecard — plans to engage an external legal team to …read more
Source:: Yahoo Finance
