FinanceJapanese banks stick with SoftBank despite WeWork woes
Main lender Mizuho says it will "share risk with business partner"
Japan's three biggest banks are major backers of Softbank Group and its chairman and CEO Masayoshi Son. (Nikkei Montage/ Source photo by Ken Kobayashi)
MITSURU OBE, Nikkei staff writer
November 14, 2019 18:45 JST
TOKYO -- Japan's three biggest banks, which together hold $13 billion of SoftBank Group debt on their balance sheets, are sticking with the Japanese technology company despite its massive investment losses as rock-bottom interest rates push them toward corporate deals and overseas lending.