The banks that financed Musk's $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets and expect to take a hit of at least roughly $2 billion, when they sell the debt, people familiar with the matter said.

The banks that financed Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets and expect to take a hit of at least roughly $2 billion, when they sell the debt, people familiar with the matter said.