Morgan Stanley-Led Banks Face $500 Million Loss on Twitter Debt
Banks on the Hook for $1.115 Billion
Key Points
Morgan Stanley, Bank of America, Barclays, and MUFG are among the banks facing losses on Twitter debt.
The banks are on the hook for $1.115 billion of Twitter's debt.
The losses are due to the decline in Twitter's value since Musk's takeover.
The banks are exploring options to mitigate their losses, including selling the debt or restructuring it.
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