Elon Musk, Bank of America

Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report
Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.
Banks Sell $5.5B of X’s Debt as Interest in Politically Influential Musk Grows
Banks have successfully made an upsized sale of some of X’s debt to the tune of $5.5 billion, as interest in politically influential owner Elon
Banks sell down $7.5 billion of Musk’s X debt to investors: Source
The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read more at straitstimes.com.
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
X Is Barely Breaking Even According to Elon Musk and Banks Are Making Their Move to Sell
Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.
Banks Sell $5.5 Billion of X Loans After Investor Interest Surges
Banks wrapped up the sale of $5.5 billion in debt backed by Musk’s social-media company on Wednesday, people familiar with the matter said. The banks had originally planned to sell around $3 billion at around 95 cents on the dollar,
Banks offload $8.8b in debt linked to Musk’s Twitter takeover
New York | London | Wall Street banks saddled with debt from Elon Musk’ s $US44 billion takeover of Twitter sold large chunks ...
Morgan Stanley-led banks sell $5.5B of X debt: stake in xAI, Musk-Trump alliance in play - reports
A group of banks led by Morgan Stanley sold $5.5 billion of debt related to Elon Musk's acquisition of platform X, formerly known as Twitter, according to a Bloomberg report that cites people with ...
Elon Musk writes to X employees, says company 'barely breaking even'
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...
Elon Musk told staff X is ‘barely breaking even’, reports say
Banks are preparing to sell off debt used to help Elon Musk purchase X as the tech tycoon tells employees the company is ...
Morgan Stanley to Increase Sale of Loans Tied to Musk's X, Bloomberg News Reports
Morgan Stanley and others, such as Bank of America and Barclays, lent Musk money in 2022 to complete his $44 billion buyout ...
Banks sell down $5.5 billion of Musk's X debt to investors, source says
By Shankar Ramakrishnan (Reuters) -Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent ...
Barclays services back to normal after technical issue
Barclays has apologised to customers after technical problems caused disruption to services and payments over the weekend.
Elon Musk Has Lost More Money Than Any Other Top Billionaire So Far in 2025
The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...