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The group of lenders, led by Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC) and Barclays (LON:BARC), have conceded they will be stuck holding the debt on their books for months or even longer and will probably end up incurring huge losses on the financing package, according to the report published Tuesday, citing sources.
Morgan Stanley, Bank of America and Twitter did not immediately respond to Reuters’ request for comment, while Barclays declined to comment.
