(Bloomberg) — Wirecard AG’s main banks are facing potential losses on about 1.6 billion euros ($1.8 billion) of loans to the scandal-hit fintech after it started insolvency proceedings.A group of about 15 banks led by ABN Amro Bank NV, Commerzbank AG and ING Groep NV had been negotiating next steps with the firm on a 1.75 billion-euro facility that was about 90% drawn, people with knowledge of the matter said earlier this week. Talks on next steps with lenders came to an abrupt halt with the insolvency filing that surprised some of the banks, people with knowledge of the matter …read more
Source:: Yahoo Finance
