European Banks Face Massive Losses On Exiting Wirecard Loans
PYMNTS
JULY 17, 2020
As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. While Wirecard touted deals with SAP SE, Zurich Insurance Group and SoftBank Group Corp.,
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