Morgan Stanley-led banks face $500 million loss on Twitter debt to Elon Musk
By Paula Seligson Davide Scigliuzzo & Lisa Lee When banks led by Morgan Stanley agreed in April to help finance Elon Musk’s purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world. Now neither Musk nor the banks have an obvious way to wriggle out of it. […]