Banks had to fund Elon Musk’s 2022 takeover of Twitter themselves after his ownership of the business and broader market volatility damped enthusiasm for the debt © Matt Rourke/AP Wall Street banks offload $5.

Wall Street banks on Wednesday sold billions of dollars in X debt holdings thanks to a surge in investor interest as the social network adds big advertisers and Elon Musk gains clout in Washington, according to a report.