2025-05-29
Good article but perplexed about who bought this steaming pile of💩. “Morgan Stanley's 1Q earnings were bolstered by the debt sales, with the US lender reporting nearly $700mn of “other” revenues with much of the boost related to selling X debt”. https://www.ft.com/...
Financial Times
Sources: X covered some losses usually borne by banks when seven lenders, including Morgan Stanley, sold $1.2B of its debt at 98 cents on the dollar in April
Financial Times : X: @tanarrowz and @markbohlund X: @tanarrowz : “He'll never let Twitter [X] fail,” a banker involved in the deal said. “I don't think people even did their credi...