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

This HR Company Valued at $12 Billion Just Announced Plans to IPO. Here’s Why Other Companies Are Watching Closely

Human Resources startup Deel recently hit an annual revenue run rate of $800 million.
Inc. - 2h
UMBC plays Maine after Banks' 30-point performance

UMBC Retrievers (11-13, 3-6 America East) at Maine Black Bears (15-9, 7-2 America East) Orono, Maine; Saturday, 2 p.m. EST BETMGM SPORTSBOOK LINE: Black Bears -5.5; over/under is 146.5 BOTTOM ...
ABC News - 4h
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.
The New York Times - 11h
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."
ABC News - 11h
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 - 12h
Trump targets a Wall Street tax break also in Democrats' crosshairs

The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.
CBS News - 14h
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 - 14h
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 - 14h
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 - 15h
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 - 16h
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 - 17h
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 - 18h
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 - 19h
Palestinians reject President Trump's plan for Gaza as Marco Rubio prepares to visit region

Secretary of State Marco Rubio plans to travel to the Middle East next week after backlash against President Trump's plan for the U.S. to "take over" and rebuild Gaza. Israel's government is ...
CBS News - 22h
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 - 23h
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. - 1d
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

Philippine Vice President Sara Duterte says her lawyers are preparing for a legal battle in her upcoming impeachment trial but refused to say if resignation is an option
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
Eli Manning breaks down Super Bowl matchup and how players prepare

Super Bowl champion Eli Manning, who spent 16 seasons with the New York Giants, joins "CBS Mornings" to talk about the Super Bowl matchup, and how the players prepare.
CBS News - 1d
Elon Musk’s X Becomes Weapon in Government Cost Cutting

The billionaire has used the social media site to boast of victories, lash out at enemies and conduct polls for the initiative he calls the Department of Government Efficiency.
The New York Times - 3d
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
Tech Leaders Pledge Up to $500 Billion in AI Investment in U.S.

OpenAI, Oracle and SoftBank unveiled AI infrastructure plans at White House.
The Wall Street Journal - Jan. 21
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 - 13h
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 - 15h
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 - 16h

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