WeWork might be costing the Japanese conglomerate nearly $2.8 billion worth of loans. Nikkei Asian Review, citing people familiar, said that two of Japan's biggest banks are considering turning down loan requests to SoftBank if the money is being used to prop up WeWork. SoftBank often went to these banks for funding to fuel the $100 billion Vision Fund, according to the Financial Times, but now because of WeWork, those banks are wary. View Business Insider's homepage for more stories.
WeWork might be costing the Japanese conglomerate nearly $2.8 billion worth of loans. Nikkei Asian Review, citing people familiar, said that two of Japan's biggest banks are considering turning down loan requests to SoftBank if the money is being used to prop up WeWork. SoftBank often went to these banks for funding to fuel the $100 billion Vision Fund, according to the Financial Times, but now because of WeWork, those banks are wary. View Business Insider's homepage for more stories.