Bank of America Elon Musk

Wall Street banks sell $5.5B of X loans

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.

The Straits Times · 7h

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.

AOL · 8d

Wall Street hopes to get rid of a bad Elon Musk bet

Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter buyout.

New York Post on MSN · 12d

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.

Here’s Most Dangerous Part of Elon Musk’s Treasury Takeover

CBS News on MSN · 16h

Elon Musk's access to Treasury's payment system is raising alarms. Here's what to know.

Elon Musk's control of a federal payment system is raising concerns about funding for programs like Social Security and the safety of personal data.

ABC News on MSN · 2d

Treasury Dept. gives Elon Musk's team access to federal payment system: Sources

If Elon Musk or his DOGE team were to attempt to block federal payments, it would likely face legal challenges given the money is approved by Congress.

The New Republic on MSN · 12h

Here’s the Most Dangerous Part of Elon Musk’s Treasury Takeover

Elon Musk’s team of coders are creating a “backdoor” into the U.S. Treasury system, according to legal and I.T. professionals. “Pushing live production code cooked up by some young coders over a week of [sleepless] nights in place of a legacy system that is fundamental to the operation of the US government is against every programming best practice,

Mediaite on MSN1d

The View Hosts Lay Into Elon Musk Over Access to Government’s ‘Bank Account’: ‘What They’re Doing Is Actually Illegal!’

The View hosts slammed Elon Musk’s access to the federal government’s “bank account” as “illegal” and accused President Donald Trump for trying to “expand his power” by giving the billionaire a ...

8don MSN

Elon Musk’s ‘X Money’ Partners With Visa For Payments—Here’s What To Know About Venmo Rival

Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a ...

The Economist2d

Elon Musk is shredding America’s government as he did Twitter

Even as Mr Musk was speaking, workers at USAID ’s headquarters in Washington were being told not to come in the next day.

Labor union asks judge to block Elon Musk's DOGE from Labor Department systems

Musk's rapid takeover of US government agencies has enabled the businessman to exert unprecedented control over America's ...

7hon MSN

Banks sell down $5.5 billion of Musk's X debt to investors, source says

Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion ...

1don MSN

AI-generated videos of Donald Trump and Elon Musk convince people to buy fake gold coins and become millionaires; several MAGA faithful taken for a ride

Recent reports have revealed that AI- generated videos of US President Donald Trump and Tesla CEO Elon Musk have reportedly ...

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