Banks typically sell such loans to investors soon after the deal is done, but in the case of X, which Musk bought for $44 billion in 2022, they have been stuck holding the debt
The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)
Musk's proposal to proceed with Twitter acquisition for the original offer price poses a headache at the worst possible time for Wall Street banks already struggling to offload billions in buyout debt
Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said they were hiking their capital payouts after the US Federal Reserve gave them a clean bill of health
Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit US economy back on track when they appear before Congress this week