Japanese Banks in Turmoil: SoftBank Records $6.2 Billion Quarterly Loss Amid WeWork Woes and Tech Investment Challenges
Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same …