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 · 1d

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 · 1d

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.

Elon Musk, Treasury

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.

ABC News on MSN · 3d

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.

CNN · 1d

Elon Musk is crowning himself technoking of the federal government

Back in August, as speculation about a potential Elon Musk cabinet position began swirling, I wrote that the notion was laughable because a) you can’t work on government matters that affect your own personal finances,

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 ...

12hon 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 ...

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.

3don MSN

AI-generated Trump and Musk video dupes MAGA faithful into buying fake Golden Eagles coins

AI-created likenesses of President Donald Trump and Elon Musk have duped MAGA faithful into buying a gold coin worth just a fraction of what they believed. At such a critical moment in US history, we ...

3don MSN

Senator warns of national security risks after Elon Musk’s DOGE granted ‘full access’ to sensitive Treasury systems

A senior U.S. lawmaker says representatives of Elon Musk were granted “full access” to a U.S. Treasury payments system used ...

DOGE Was Tasked With Stopping Treasury Payments to USAID, AP Sources Say

Officials working with Elon Musk’s Department of Government Efficiency sought access to the Treasury Department payment ...

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