Bank of America Elon Musk

Banks sell down $5.5 billion of Musk's X debt

Elon Musk’s X debt: Bank consortium sells $5.5 billion of loans amid rising investor demand

Pimco and Citadel are among the investors who have reportedly bought debts tied to X. This comes as Elon Musk's growing influence in the US political landscape appears to be positively impacting the company's outlook.

New York Post on MSN · 1d

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 · 1d

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.

Business Insider · 19h

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

Seeking Alpha · 21h

Morgan Stanley-led banks sell $5.5B of X debt, xAI stake in play - reports

Banks including Morgan Stanley, Bank of America, and Barclays offered a deal to investors seeking minimum commitments in the hundreds of millions.

Treasury, Elon Musk

CBS News · 1d

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.

U.S. News & World Report · 1d

US Treasury's Payment System 'Not Being Touched' by Musk's DOGE, Bessent Says

But Bessent lauded Musk's efforts to cut government spending and said "DOGE is not going to fail," unlike previous government efficiency drives such as the Grace Commission in the

The Baltimore Sun · 1d

Treasury tells Congress that DOGE has ‘Read Only’ access to payment systems

The Treasury official said that the ongoing “review” has “not caused payments for obligations such as Social Security and Medicare to be delayed or re-routed.” The letter said that Tom Krause, who is also listed online as the CEO of Cloud Software Group,

13don MSN

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 ...

8hon MSN

Musk’s value on Wall Street is rising as banks find buyers for X loans

Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence ...

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 ...

16hon MSN

Corporate America is one of the few institutions that could stand up to Musk. It won’t

This is how much Corporate America loves lower taxes: There’s a guy holding a knife to the neck of the federal institutions that ensure businesses can thrive, and not one CEO or lobbying group is ...

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 Economist3d

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.

2don 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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