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 · 12h

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.

Hosted on MSN · 1h

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 knowledge of the matter.

Treasury, Elon Musk

CBS News on MSN · 21h

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 Financial Times · 1d

US Treasury moves to quell fears of Elon Musk taking over payments system

The US Treasury has sought to calm fears over Elon Musk’s access to its vast payments system, insisting no transactions have been cancelled, despite the billionaire’s claim to be “rapidly shutting down” remittances.

18m

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 ...

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 ...

14h

Why Musk Is So Focused on the Bureau of the Fiscal Service, America’s ‘Checkbook’

Spending power, privacy concerns and conflicts of interest have put the bureau at the center of a political fight.

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.

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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