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

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: 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  —  Trump's election helped revive loans that once threatened to hit banks with big losses  —  Unlock the White House Watch newsletter for free