Elon Musk’s banks to book Twitter loan losses, avoid big hits -sources

The Straits Times Business News

December 14, 2022 9:00 AMNEW YORK – Some of the banks that lent Elon Musk US$13 billion (S$17.5 billion) to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag on their earnings, according to three sources with direct knowledge of the situation.
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December 14, 2022 – 3:04 am /
Twitter: @hoffeldtcom

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