Banks that have lent money to MobilCom, the German mobile operator, that is 28% owned by France Télécom, stand to lose face as well as their money if the company collapses.

MobilCom's potential bankruptcy, which is expected to take place as soon as tomorrow (Tuesday), would not have a materially negative impact on the balance sheets of its lending banks, but they are likely to recoup only part of their original investment.