Morgan Stanley, Bank of America, Barclays, and others lent large sums to the businessman to acquire Twitter The large banks that financed Elon Musk’s $44 billion purchase of Twitter (now renamed X) are still struggling to contain the damage to their balance sheets, the Wall Street Journal reported this week. According to the report, which cites people familiar with the matter, seven Wall Street giants, including Morgan Stanley, Bank of America, and Barclays, lent Musk around $13 billion to buy the social media platform a year ago. Now they are expected to take a hit of at least 15%, or roughly $2 billion, when the
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