Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Topics

A.I. Military Start-Up Anduril Close to Deal That Would Value It at $28 Billion

The Southern California start-up, which builds flying drones and missiles, is set to raise up to $2.5 billion.
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Democrats demand probe into Musk's alleged 'conflicts' over billions in fed contracts

House Judiciary Democrats sent a terse letter Friday to Attorney General Pam Bondi, expressing concerns that Elon Musk’s role at DOGE creates "conflicts of interest."
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311-year-old violin sells for over $11 million at auction

The sale of a one-of-a-kind violin has sold for $11.3 million during an auction at Sotheby's in New York. The money will finance student scholarships at Boston's New England Conservatory, the ...
CBS News - 8h
How New Orleans is preparing for Super Bowl LIX

President Trump will be inside the Superdome in New Orleans on Sunday night to watch the Eagles and Chiefs in the Super Bowl. Michael Hecht, CEO of Greater New Orleans Inc. and Super Bowl LIX ...
CBS News - 9h
Confusion, tears and 'Hunger Games' at USAID as agency prepares to go dark

"We feel like it's closing time at the store and we're the ones left to turn off the lights," one career official told ABC News.
ABC News - 11h
Anduril in talks to raise money at $28 billion valuation as defense-tech booms

Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.
CNBC - 11h
Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.
CNBC - 12h
Frontier Air’s stock rallies as its rosier outlook, new routes wow Wall Street

Frontier plans an expansion to cities such as Reno, Nev.; and Tuscan, Ariz.
MarketWatch - 12h
Expedia’s stock rallies 17% as Wall Street cheers the return of its dividend

For the first time since the COVID-19 pandemic, Expedia will pay out a quarterly dividend of 40 cents a share.
MarketWatch - 12h
A 311-Year-Old Stradivarius Violin Sells for $11.25 Million at Sotheby’s

The money from the sale of the violin, which was once owned by the 19th-century virtuoso Joseph Joachim, will benefit a scholarship program at the New England Conservatory.
The New York Times - 13h
OpenAI Close to Deal that Values Company at $300 Billion

The Japanese conglomerate SoftBank would invest up to $40 billion in the maker of the chatbot ChatGPT.
The New York Times - 14h
Lawmakers question Musk’s ‘infiltration’ into Education Dept. and student loan borrower data

Senators expressed concern that Elon Musk's DOGE had "infiltrated" the U.S. Department of Education and possibly gained access to federal student loan data.
CNBC - 15h
Bill Ackman reveals he's been building a more than $2 billion stake in Uber

The hedge fund manager said his fund began buying Uber shares in early January and has amassed 30.3 million shares, worth $2.3 billion.
CNBC - 16h
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
The New York Times - 20h
Small Businesses Will Be Subjected to ‘the Fury of Debt Collectors’ for Covid Loans, According to Senate Dems

Proposed legislation could hurt struggling small businesses, Senator Ed Markey warns.
Inc. - 23h
LinkedIn Made $2 Billion in Subscriptions Last Year. How’s Hiring Going for You?

Something smells fishy.
Inc. - 1d
Philippine vice president preparing for impeachment battle but silent on option to resign

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ABC News - 1d
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
The New York Times - 1d
Watch: 'Sesame Street' stars Oscar the Grouch, Bert and Grover give L.A. 'a big hug'

The 'Sesame Street' characters visited the Los Angeles Times to talk about emotions, getting through tough times and finding solace in friends, family and neighbors.
Los Angeles Times - 1d
EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.
The Wall Street Journal - Jan. 24
CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks

Growth through acquisitions isn’t part of CaixaBank’s latest three-year plan, it should be for other banks in Europe, Caixa’s finance chief Javier Pano said in an interview.
The Wall Street Journal - Jan. 24

More from The Wall Street Journal

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
The Wall Street Journal - Jan. 24
Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
The Wall Street Journal - Jan. 24
Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
The Wall Street Journal - Jan. 24
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to ...
The Wall Street Journal - Jan. 24
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to ...
The Wall Street Journal - Jan. 24

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Topics

Related

A.I. Military Start-Up Anduril Close to Deal That Would Value It at $28 Billion

Democrats demand probe into Musk's alleged 'conflicts' over billions in fed contracts

311-year-old violin sells for over $11 million at auction

How New Orleans is preparing for Super Bowl LIX

Confusion, tears and 'Hunger Games' at USAID as agency prepares to go dark

Anduril in talks to raise money at $28 billion valuation as defense-tech booms

Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

Frontier Air’s stock rallies as its rosier outlook, new routes wow Wall Street

Expedia’s stock rallies 17% as Wall Street cheers the return of its dividend

A 311-Year-Old Stradivarius Violin Sells for $11.25 Million at Sotheby’s

OpenAI Close to Deal that Values Company at $300 Billion

Lawmakers question Musk’s ‘infiltration’ into Education Dept. and student loan borrower data

Bill Ackman reveals he's been building a more than $2 billion stake in Uber

Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

Small Businesses Will Be Subjected to ‘the Fury of Debt Collectors’ for Covid Loans, According to Senate Dems

LinkedIn Made $2 Billion in Subscriptions Last Year. How’s Hiring Going for You?

Philippine vice president preparing for impeachment battle but silent on option to resign

Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

Watch: 'Sesame Street' stars Oscar the Grouch, Bert and Grover give L.A. 'a big hug'

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

CaixaBank's CFO Sees Case for Dealmaking Among Europe's Banks

More from The Wall Street Journal

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

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